VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 52-Week High – Here’s What Happened

VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high during trading on Thursday . The stock traded as high as $402.14 and last traded at $401.7510, with a volume of 1181231 shares changing hands. The stock had previously closed at $388.35.

VanEck Semiconductor ETF Stock Up 3.5%

The firm’s 50 day moving average is $359.19 and its two-hundred day moving average is $327.21. The stock has a market cap of $42.68 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $1.1047 per share. This represents a dividend yield of 31.0%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMH. AQR Capital Management LLC boosted its holdings in shares of VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after acquiring an additional 109 shares during the period. Empowered Funds LLC lifted its position in VanEck Semiconductor ETF by 32.5% in the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after purchasing an additional 2,890 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new position in VanEck Semiconductor ETF during the 2nd quarter valued at about $250,000. Fiduciary Alliance LLC bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth about $725,000. Finally, GSG Advisors LLC bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth about $219,000.

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.