VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 12-Month High – Should You Buy?

VanEck Semiconductor ETF (NASDAQ:SMH) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $373.59 and last traded at $375.1080, with a volume of 2823556 shares trading hands. The stock had previously closed at $369.00.

VanEck Semiconductor ETF Price Performance

The stock has a market capitalization of $35.55 billion, a P/E ratio of 34.83 and a beta of 1.52. The stock’s fifty day moving average price is $349.78 and its 200 day moving average price is $308.28.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Institutional investors have recently modified their holdings of the stock. Grove Bank & Trust purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Trust Co. of Toledo NA OH bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of VanEck Semiconductor ETF during the first quarter valued at $27,000. Realta Investment Advisors raised its holdings in shares of VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at about $28,000.

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.