iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 52-Week Low – What’s Next?

iShares Semiconductor ETF (NASDAQ:SOXX)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $187.44 and last traded at $188.61, with a volume of 2029153 shares traded. The stock had previously closed at $194.56.

iShares Semiconductor ETF Stock Down 3.0 %

The company has a market capitalization of $11.68 billion, a P/E ratio of 28.79 and a beta of 1.34. The business has a 50 day moving average of $213.37 and a 200 day moving average of $219.50.

iShares Semiconductor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.2611 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

Institutional Investors Weigh In On iShares Semiconductor ETF

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of iShares Semiconductor ETF by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,244,540 shares of the exchange traded fund’s stock worth $286,979,000 after buying an additional 24,055 shares in the last quarter. D.A. Davidson & CO. grew its position in iShares Semiconductor ETF by 15.3% in the third quarter. D.A. Davidson & CO. now owns 4,618 shares of the exchange traded fund’s stock worth $1,065,000 after acquiring an additional 613 shares in the last quarter. Quantbot Technologies LP increased its stake in iShares Semiconductor ETF by 74.5% during the third quarter. Quantbot Technologies LP now owns 1,806 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 771 shares during the last quarter. RB Capital Management LLC increased its stake in iShares Semiconductor ETF by 11.4% during the third quarter. RB Capital Management LLC now owns 1,976 shares of the exchange traded fund’s stock worth $456,000 after acquiring an additional 203 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in iShares Semiconductor ETF by 12.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,837 shares of the exchange traded fund’s stock valued at $6,214,000 after purchasing an additional 3,179 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).