VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 1-Year High – Should You Buy?

VanEck Semiconductor ETF (NASDAQ:SMH) shares reached a new 52-week high on Monday . The stock 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 Trading Up 4.2%

The business’s fifty day simple moving average is $527.42 and its 200 day simple moving average is $435.44. The stock has a market cap of $75.06 billion, a P/E ratio of 34.83 and a beta of 1.72.

Institutional Investors Weigh In On VanEck Semiconductor ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Robinswood Financial LLC bought a new stake in VanEck Semiconductor ETF during the 1st quarter worth about $95,000. Parallel Advisors LLC grew its holdings in VanEck Semiconductor ETF by 6.9% during the 1st quarter. Parallel Advisors LLC now owns 16,318 shares of the company’s stock worth $6,256,000 after acquiring an additional 1,058 shares during the last quarter. Concorde Asset Management LLC grew its holdings in VanEck Semiconductor ETF by 2.7% during the 1st quarter. Concorde Asset Management LLC now owns 2,130 shares of the company’s stock worth $817,000 after acquiring an additional 57 shares during the last quarter. Financial Solutions Advisory Group Inc. bought a new stake in VanEck Semiconductor ETF during the 1st quarter worth about $346,000. Finally, Blue Fin Capital Inc. grew its holdings in VanEck Semiconductor ETF by 440.9% during the 1st quarter. Blue Fin Capital Inc. now owns 3,651 shares of the company’s stock worth $1,400,000 after acquiring an additional 2,976 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.