VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 52-Week High – Still a Buy?

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) reached a new 52-week high during trading on Tuesday . The stock traded as high as $409.29 and last traded at $408.8240, with a volume of 3482076 shares changing hands. The stock had previously closed at $398.82.

VanEck Semiconductor ETF Stock Up 0.2%

The firm has a market cap of $45.17 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The business’s 50-day simple moving average is $372.00 and its two-hundred day simple moving average is $336.09.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $1.1047 per share. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Trust Co. of Toledo NA OH purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth approximately $25,000. Realta Investment Advisors increased its position in shares of VanEck Semiconductor ETF by 84.4% during the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Hilltop National Bank acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at $28,000. Fourth Dimension Wealth LLC purchased a new position in VanEck Semiconductor ETF in the 2nd quarter valued at $28,000. Finally, WealthCollab LLC acquired a new stake in VanEck Semiconductor ETF during the 4th quarter worth $28,000.

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.