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

VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high during trading on Monday . The stock traded as high as $576.39 and last traded at $573.60, with a volume of 1183530 shares changing hands. The stock had previously closed at $566.54.

VanEck Semiconductor ETF Stock Down 2.6%

The company’s fifty day moving average is $436.70 and its 200 day moving average is $396.92. The stock has a market cap of $65.21 billion, a PE ratio of 34.83 and a beta of 1.70.

Institutional Trading of VanEck Semiconductor ETF

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in VanEck Semiconductor ETF by 170.8% in the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after acquiring an additional 7,678,318 shares in the last quarter. Morgan Stanley grew its position in VanEck Semiconductor ETF by 4.8% in the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock valued at $957,061,000 after acquiring an additional 121,815 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in VanEck Semiconductor ETF by 158.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after acquiring an additional 735,425 shares in the last quarter. Meitav Investment House Ltd. grew its position in VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after acquiring an additional 133,601 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in VanEck Semiconductor ETF by 24,986.6% in the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after acquiring an additional 752,097 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.