VanEck Semiconductor ETF (NASDAQ:SMH) Reaches New 1-Year High – Still a Buy?

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) hit a new 52-week high on Monday . The stock traded as high as $669.75 and last traded at $669.75, with a volume of 158234 shares. The stock had previously closed at $659.88.

VanEck Semiconductor ETF Stock Up 1.6%

The firm has a market cap of $77.92 billion, a P/E ratio of 34.83 and a beta of 1.72. The business has a fifty day simple moving average of $551.49 and a 200-day simple moving average of $445.76.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Berger Financial Group Inc boosted its holdings in VanEck Semiconductor ETF by 1.3% in the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after purchasing an additional 21 shares during the period. Goodman Advisory Group LLC raised its position in VanEck Semiconductor ETF by 7.8% in the 1st quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock valued at $122,000 after purchasing an additional 23 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of VanEck Semiconductor ETF by 4.3% in the 1st quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after buying an additional 25 shares during the period. Brooklyn Investment Group grew its position in shares of VanEck Semiconductor ETF by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock worth $434,000 after buying an additional 26 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. grew its position in shares of VanEck Semiconductor ETF by 1.1% during the first quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock worth $984,000 after buying an additional 27 shares in 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.