iShares Semiconductor ETF (NASDAQ:SOXX – Get Free Report) was the target of unusually large options trading on Thursday. Investors bought 131,184 put options on the company. This is an increase of 110% compared to the typical daily volume of 62,532 put options.
iShares Semiconductor ETF Stock Down 9.5%
Shares of iShares Semiconductor ETF stock traded down $14.24 during trading on Thursday, reaching $135.90. 31,212,620 shares of the stock were exchanged, compared to its average volume of 25,398,605. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 31.84 and a beta of 1.86. iShares Semiconductor ETF has a 1 year low of $86.81 and a 1 year high of $218.65. The stock’s fifty day moving average is $525.70 and its 200 day moving average is $476.72.
iShares Semiconductor ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.1083 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.3%. This is a drop from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date of this dividend was Tuesday, September 15th.
Institutional Trading of iShares Semiconductor ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of iShares Semiconductor ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after purchasing an additional 538,125 shares during the period. Bank of Nova Scotia increased its position in shares of iShares Semiconductor ETF by 88.5% during the first quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after buying an additional 399,612 shares during the period. Royal Bank of Canada raised its stake in iShares Semiconductor ETF by 28.3% in the first quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock worth $142,437,000 after buying an additional 95,669 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Semiconductor ETF in the third quarter worth about $216,839,000. Finally, Noked Israel Ltd bought a new position in iShares Semiconductor ETF in the first quarter worth about $114,725,000.
iShares Semiconductor ETF Company Profile
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.
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