iShares Semiconductor ETF (NASDAQ:SOXX) Hits New 1-Year Low – Should You Sell?

iShares Semiconductor ETF (NASDAQ:SOXX)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $177.39 and last traded at $176.03, with a volume of 1879265 shares traded. The stock had previously closed at $189.48.

iShares Semiconductor ETF Stock Down 7.5 %

The business’s 50-day moving average price is $207.14 and its 200 day moving average price is $217.99. The company has a market capitalization of $9.07 billion, a P/E ratio of 22.52 and a beta of 1.40.

iShares Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Savvy Advisors Inc. raised its stake in iShares Semiconductor ETF by 1.1% in the fourth quarter. Savvy Advisors Inc. now owns 4,261 shares of the exchange traded fund’s stock valued at $918,000 after purchasing an additional 46 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of iShares Semiconductor ETF by 1.5% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,704 shares of the exchange traded fund’s stock valued at $798,000 after buying an additional 54 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of iShares Semiconductor ETF by 1.7% during the 4th quarter. First Heartland Consultants Inc. now owns 3,248 shares of the exchange traded fund’s stock worth $700,000 after acquiring an additional 55 shares during the last quarter. Syntegra Private Wealth Group LLC grew its position in iShares Semiconductor ETF by 4.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,426 shares of the exchange traded fund’s stock worth $307,000 after acquiring an additional 58 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its stake in iShares Semiconductor ETF by 5.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 1,078 shares of the exchange traded fund’s stock valued at $232,000 after acquiring an additional 59 shares during the last quarter.

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).