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

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $612.30 and last traded at $595.50, with a volume of 11185657 shares trading hands. The stock had previously closed at $602.14.

VanEck Semiconductor ETF Price Performance

The stock’s fifty day moving average price is $483.77 and its 200-day moving average price is $416.43. The firm has a market cap of $69.59 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WealthCollab LLC purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth approximately $28,000. Investment Counsel Co. of Nevada purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth approximately $35,000. Resources Management Corp CT ADV purchased a new stake in VanEck Semiconductor ETF in the 1st quarter worth approximately $38,000. Core Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth approximately $36,000. Finally, Jessup Wealth Management Inc purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth approximately $40,000.

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.