iShares Semiconductor ETF (NASDAQ:SOXX) Reaches New 12-Month Low – Time to Sell?

iShares Semiconductor ETF (NASDAQ:SOXX) hit a new 52-week low on Thursday . The company traded as low as $177.39 and last traded at $176.03, with a volume of 1879265 shares changing hands. The stock had previously closed at $189.48.

iShares Semiconductor ETF Stock Performance

The company has a market cap of $9.07 billion, a P/E ratio of 22.52 and a beta of 1.40. The stock has a 50-day moving average of $207.14 and a two-hundred day moving average of $217.99.

iShares Semiconductor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were issued a $0.2611 dividend. The ex-dividend date was Tuesday, March 18th.

Hedge Funds Weigh In On iShares Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marcum Wealth LLC purchased a new stake in iShares Semiconductor ETF during the first quarter valued at about $300,000. Milestone Asset Management Group LLC bought a new stake in shares of iShares Semiconductor ETF in the 4th quarter valued at about $205,000. Mascagni Wealth Management Inc. purchased a new stake in iShares Semiconductor ETF during the 4th quarter valued at about $125,000. Park Square Financial Group LLC bought a new position in iShares Semiconductor ETF during the 4th quarter worth approximately $355,000. Finally, Brooklyn FI LLC purchased a new position in iShares Semiconductor ETF in the 4th quarter worth approximately $9,423,000.

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).