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

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

VanEck Semiconductor ETF Price Performance

The business has a 50 day simple moving average of $559.97 and a 200 day simple moving average of $449.76. The company has a market cap of $72.28 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Institutional investors have recently modified their holdings of the stock. WealthCollab LLC bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at approximately $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $35,000. Core Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF in the 4th quarter worth approximately $36,000. Resources Management Corp CT ADV bought a new position in VanEck Semiconductor ETF in the 1st quarter worth approximately $38,000. Finally, Jessup Wealth Management Inc bought a new position in VanEck Semiconductor ETF in the 4th quarter worth approximately $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.