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

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $389.74 and last traded at $389.6210, with a volume of 4290356 shares. The stock had previously closed at $378.98.

VanEck Semiconductor ETF Stock Up 2.8%

The company has a market cap of $41.36 billion, a P/E ratio of 34.83 and a beta of 1.52. The firm’s 50 day moving average is $356.81 and its two-hundred day moving average is $323.58.

VanEck Semiconductor ETF Dividend Announcement

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

Institutional Investors Weigh In On VanEck Semiconductor ETF

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in VanEck Semiconductor ETF by 4.8% in the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after buying an additional 109 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth about $1,060,000. Empowered Funds LLC lifted its stake in shares of 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 period. Woodline Partners LP boosted its position in shares of VanEck Semiconductor ETF by 639.8% during the 1st quarter. Woodline Partners LP now owns 54,006 shares of the company’s stock valued at $11,421,000 after purchasing an additional 46,706 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at about $2,488,000.

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.