VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 12-Month High – What’s Next?

VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $452.10 and last traded at $452.00, with a volume of 6874697 shares traded. The stock had previously closed at $443.34.

VanEck Semiconductor ETF Stock Performance

The company has a 50-day simple moving average of $401.66 and a 200-day simple moving average of $375.80. The company has a market cap of $50.62 billion, a price-to-earnings ratio of 34.83 and a beta of 1.55.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in VanEck Semiconductor ETF by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after acquiring an additional 1,666 shares in the last quarter. Flagstar Advisors Inc. increased its holdings in VanEck Semiconductor ETF by 68.2% during the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after acquiring an additional 2,396 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new position in VanEck Semiconductor ETF during the 3rd quarter valued at about $1,934,000. Element Wealth LLC purchased a new position in VanEck Semiconductor ETF during the 3rd quarter valued at about $515,000. Finally, Farther Finance Advisors LLC lifted its stake in VanEck Semiconductor ETF by 136.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after buying an additional 6,026 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.