VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 52-Week High – Here’s Why

VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $576.39 and last traded at $573.60, with a volume of 1183530 shares. The stock had previously closed at $566.54.

VanEck Semiconductor ETF Trading Up 1.9%

The business has a 50 day moving average of $427.51 and a 200-day moving average of $392.18. The firm has a market capitalization of $67.10 billion, a P/E ratio of 34.83 and a beta of 1.70.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Hedge funds have recently made changes to their positions in the business. WealthCollab LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 4th quarter valued at approximately $28,000. Grey Fox Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF during the 3rd quarter worth $31,000. CX Institutional increased its position in VanEck Semiconductor ETF by 288.5% during the 3rd quarter. CX Institutional now owns 101 shares of the company’s stock worth $33,000 after buying an additional 75 shares during the period. Investment Counsel Co. of Nevada bought a new position in VanEck Semiconductor ETF during the 4th quarter worth $35,000. Finally, Core Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF during the 4th quarter worth $36,000.

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.