iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 12-Month High – Still a Buy?

iShares Semiconductor ETF (NASDAQ:SOXX) reached a new 52-week high on Monday . The stock traded as high as $416.58 and last traded at $416.58, with a volume of 114170 shares trading hands. The stock had previously closed at $415.71.

iShares Semiconductor ETF Stock Performance

The company has a market cap of $27.58 billion, a P/E ratio of 31.84 and a beta of 1.53. The firm has a 50 day moving average price of $351.66 and a 200-day moving average price of $323.07.

iShares Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.2079 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.83 dividend on an annualized basis and a yield of 0.2%.

Hedge Funds Weigh In On iShares Semiconductor ETF

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in iShares Semiconductor ETF by 47.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after acquiring an additional 941,363 shares during the last quarter. Morgan Stanley increased its stake in shares of iShares Semiconductor ETF by 30.0% in the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after purchasing an additional 547,109 shares during the period. Bank of America Corp DE lifted its position in shares of iShares Semiconductor ETF by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 2,357,919 shares of the exchange traded fund’s stock worth $562,835,000 after purchasing an additional 159,203 shares during the last quarter. LPL Financial LLC boosted its stake in iShares Semiconductor ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 1,041,783 shares of the exchange traded fund’s stock valued at $313,733,000 after purchasing an additional 17,038 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in iShares Semiconductor ETF by 14.4% during the 4th quarter. Wells Fargo & Company MN now owns 963,663 shares of the exchange traded fund’s stock valued at $290,207,000 after purchasing an additional 121,561 shares during the period.

About iShares Semiconductor ETF

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.