VanEck Semiconductor ETF (NASDAQ:SMH) Sets New 12-Month High – What’s Next?

VanEck Semiconductor ETF (NASDAQ:SMH) hit a new 52-week high during trading on Thursday . The company traded as high as $429.49 and last traded at $428.31, with a volume of 2791279 shares. The stock had previously closed at $422.92.

VanEck Semiconductor ETF Trading Up 1.2%

The firm’s fifty day moving average price is $398.94 and its 200 day moving average price is $372.09. The firm has a market capitalization of $46.60 billion, a PE ratio of 34.83 and a beta of 1.55.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Realta Investment Advisors increased its holdings in VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after buying an additional 38 shares during the last quarter. WealthCollab LLC acquired a new position in VanEck Semiconductor ETF in the fourth quarter worth approximately $28,000. Sound Income Strategies LLC increased its holdings in VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $31,000 after buying an additional 58 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in VanEck Semiconductor ETF in the third quarter worth approximately $31,000. Finally, CX Institutional increased its holdings in VanEck Semiconductor ETF by 288.5% in the third quarter. CX Institutional now owns 101 shares of the company’s stock worth $33,000 after buying an additional 75 shares during the last quarter.

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.