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

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price reached a new 52-week high on Monday . The stock traded as high as $669.75 and last traded at $669.75, with a volume of 158234 shares changing hands. The stock had previously closed at $659.88.

VanEck Semiconductor ETF Trading Up 1.6%

The company’s fifty day simple moving average is $551.49 and its 200 day simple moving average is $445.76. The firm has a market capitalization of $77.92 billion, a P/E ratio of 34.83 and a beta of 1.72.

Institutional Trading of VanEck Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Robinswood Financial LLC bought a new stake in VanEck Semiconductor ETF during the 1st quarter valued at approximately $95,000. Parallel Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 6.9% in the 1st quarter. Parallel Advisors LLC now owns 16,318 shares of the company’s stock worth $6,256,000 after acquiring an additional 1,058 shares in the last quarter. Concorde Asset Management LLC lifted its stake in shares of VanEck Semiconductor ETF by 2.7% in the 1st quarter. Concorde Asset Management LLC now owns 2,130 shares of the company’s stock valued at $817,000 after purchasing an additional 57 shares during the period. Financial Solutions Advisory Group Inc. purchased a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at approximately $346,000. Finally, Blue Fin Capital Inc. lifted its stake in shares of VanEck Semiconductor ETF by 440.9% in the 1st quarter. Blue Fin Capital Inc. now owns 3,651 shares of the company’s stock valued at $1,400,000 after purchasing an additional 2,976 shares during the period.

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.