VanEck Semiconductor ETF (NASDAQ:SMH) Sets New 52-Week High – Should You Buy?

VanEck Semiconductor ETF (NASDAQ:SMH) shares reached a new 52-week high on Thursday . The stock traded as high as $612.30 and last traded at $595.50, with a volume of 11185657 shares traded. The stock had previously closed at $602.14.

VanEck Semiconductor ETF Trading Down 1.1%

The company’s fifty day moving average price is $475.61 and its two-hundred day moving average price is $413.38. The firm has a market cap of $69.19 billion, a P/E ratio of 34.83 and a beta of 1.70.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several large investors have recently made changes to their positions in SMH. WealthCollab LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $28,000. Investment Counsel Co. of Nevada bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $35,000. Core Wealth Advisors LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $36,000. Resources Management Corp CT ADV bought a new stake in VanEck Semiconductor ETF during the 1st quarter worth about $38,000. Finally, Jessup Wealth Management Inc bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $40,000.

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.