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

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high on Friday . The company traded as high as $376.34 and last traded at $373.3710, with a volume of 2354072 shares traded. The stock had previously closed at $360.13.

VanEck Semiconductor ETF Price Performance

The company has a market cap of $37.31 billion, a PE ratio of 34.83 and a beta of 1.52. The business’s 50 day moving average is $354.89 and its 200-day moving average is $319.47.

VanEck Semiconductor ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $1.1047 per share. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of VanEck Semiconductor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Nova Scotia increased its holdings in shares of VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after acquiring an additional 752,097 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after purchasing an additional 703,799 shares in the last quarter. Capital Markets Trading UK LLP boosted its holdings in VanEck Semiconductor ETF by 100.7% in the third quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after purchasing an additional 617,050 shares in the last quarter. CMT Capital Markets Trading GmbH increased its stake in VanEck Semiconductor ETF by 102.0% in the second quarter. CMT Capital Markets Trading GmbH now owns 10,437 shares of the company’s stock valued at $2,910,000 after purchasing an additional 531,232 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in VanEck Semiconductor ETF by 3,235,614.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock worth $126,333,000 after purchasing an additional 452,986 shares in 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.