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

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $645.85 and last traded at $645.39, with a volume of 1215181 shares traded. The stock had previously closed at $619.96.

VanEck Semiconductor ETF Price Performance

The stock has a market capitalization of $71.57 billion, a P/E ratio of 34.83 and a beta of 1.72. The stock has a 50 day moving average price of $536.99 and a 200-day moving average price of $439.49.

Institutional Trading of VanEck Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WealthCollab LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter valued at $28,000. Investment Counsel Co. of Nevada bought a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at about $35,000. Resources Management Corp CT ADV purchased a new stake in shares of VanEck Semiconductor ETF during the first quarter worth about $38,000. Core Wealth Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth about $36,000. Finally, Jessup Wealth Management Inc purchased a new position in VanEck Semiconductor ETF during the 4th quarter valued at about $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.