VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 12-Month High – Time to Buy?

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high on Wednesday . The stock traded as high as $405.88 and last traded at $402.7650, with a volume of 7283072 shares traded. The stock had previously closed at $390.39.

VanEck Semiconductor ETF Price Performance

The firm’s fifty day moving average price is $362.76 and its two-hundred day moving average price is $330.81. The stock has a market cap of $43.63 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMH. Allspring Global Investments Holdings LLC boosted its stake in VanEck Semiconductor ETF by 13.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock worth $967,000 after purchasing an additional 400 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in VanEck Semiconductor ETF by 136.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after purchasing an additional 6,026 shares during the last quarter. Element Wealth LLC bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth $515,000. AE Wealth Management LLC raised its stake in shares of VanEck Semiconductor ETF by 168.8% in the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock worth $13,807,000 after purchasing an additional 31,089 shares during the last quarter. Finally, Advyzon Investment Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth $2,745,000.

VanEck Semiconductor ETF Company Profile

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.