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

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $409.29 and last traded at $408.8240, with a volume of 3482076 shares. The stock had previously closed at $398.82.

VanEck Semiconductor ETF Stock Performance

The company has a fifty day simple moving average of $367.12 and a two-hundred day simple moving average of $334.10. The firm has a market capitalization of $43.47 billion, a PE ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

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

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Toledo NA OH purchased a new stake in VanEck Semiconductor ETF during the second quarter worth $25,000. Realta Investment Advisors lifted its stake in shares of VanEck Semiconductor ETF by 84.4% during the 3rd quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Hilltop National Bank bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $28,000. Fourth Dimension Wealth LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $28,000. Finally, Hazlett Burt & Watson Inc. grew its stake in VanEck Semiconductor ETF by 61.1% in the second quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares during 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.