VanEck Semiconductor ETF (NASDAQ:SMH) Reaches New 52-Week High at $275.51

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $275.51 and last traded at $274.89, with a volume of 761137 shares traded. The stock had previously closed at $272.48.

VanEck Semiconductor ETF Trading Up 1.6 %

The firm has a market capitalization of $23.38 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The stock’s 50 day moving average price is $233.44 and its two-hundred day moving average price is $209.03.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SMH. Choreo LLC boosted its position in shares of VanEck Semiconductor ETF by 1.1% in the 1st quarter. Choreo LLC now owns 4,891 shares of the company’s stock worth $1,100,000 after buying an additional 54 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of VanEck Semiconductor ETF by 31.8% in the 4th quarter. FinTrust Capital Advisors LLC now owns 232 shares of the company’s stock worth $41,000 after buying an additional 56 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of VanEck Semiconductor ETF by 0.5% in the 4th quarter. Ausdal Financial Partners Inc. now owns 12,513 shares of the company’s stock worth $2,188,000 after buying an additional 60 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of VanEck Semiconductor ETF by 0.9% in the 1st quarter. Westside Investment Management Inc. now owns 7,044 shares of the company’s stock worth $1,585,000 after buying an additional 60 shares in the last quarter. Finally, Fox Hill Wealth Management boosted its position in shares of VanEck Semiconductor ETF by 1.6% in the 1st quarter. Fox Hill Wealth Management now owns 4,313 shares of the company’s stock worth $970,000 after buying an additional 66 shares in the last quarter.

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.