VanEck Semiconductor ETF (NASDAQ:SMH) Reaches New 1-Year High – Here’s Why

VanEck Semiconductor ETF (NASDAQ:SMH) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $420.94 and last traded at $418.9290, with a volume of 3445845 shares changing hands. The stock had previously closed at $412.88.

VanEck Semiconductor ETF Stock Down 3.3%

The company’s 50-day moving average price is $391.77 and its 200-day moving average price is $351.99. The firm has a market cap of $45.03 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $1.1047 dividend. This represents a yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after buying an additional 109 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of VanEck Semiconductor ETF by 32.5% during the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after acquiring an additional 2,890 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in shares of VanEck Semiconductor ETF by 3.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 2,005 shares of the company’s stock valued at $559,000 after acquiring an additional 60 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at about $413,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of VanEck Semiconductor ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 284,591 shares of the company’s stock valued at $79,367,000 after purchasing an additional 1,624 shares during the period.

About VanEck Semiconductor ETF

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.