VanEck Semiconductor ETF (NASDAQ:SMH) Sets New 52-Week High – Should You Buy?

VanEck Semiconductor ETF (NASDAQ:SMH)’s share price hit a new 52-week high on Thursday . The company traded as high as $612.30 and last traded at $595.50, with a volume of 11185657 shares. The stock had previously closed at $602.14.

VanEck Semiconductor ETF Price Performance

The stock’s 50 day moving average price is $475.61 and its two-hundred day moving average price is $413.38. The firm has a market capitalization of $69.19 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Several large investors have recently bought and sold shares of SMH. Flagstar Advisors Inc. grew its holdings in shares of VanEck Semiconductor ETF by 68.2% in the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after purchasing an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $1,934,000. Mezzasalma Advisors LLC grew its holdings in shares of VanEck Semiconductor ETF by 67.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after purchasing an additional 6,130 shares during the last quarter. Assetmark Inc. grew its holdings in shares of VanEck Semiconductor ETF by 24.9% in the 4th quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after purchasing an additional 12,467 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of VanEck Semiconductor ETF by 128.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock worth $3,177,000 after purchasing an additional 4,778 shares during the last quarter.

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.