VanEck Semiconductor ETF (NASDAQ:SMH) Sets New 1-Year High – Here’s Why

VanEck Semiconductor ETF (NASDAQ:SMH) shares reached a new 52-week high during trading on Friday . The company traded as high as $581.36 and last traded at $581.30, with a volume of 2404291 shares. The stock had previously closed at $567.88.

VanEck Semiconductor ETF Price Performance

The stock has a 50-day simple moving average of $460.01 and a 200 day simple moving average of $406.89. The company has a market capitalization of $67.58 billion, a PE ratio of 34.83 and a beta of 1.70.

Institutional Trading of VanEck Semiconductor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after acquiring an additional 109 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of VanEck Semiconductor ETF by 32.5% during the first quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after acquiring an additional 2,890 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF by 28.6% during the second quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $133,000 after acquiring an additional 106 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at $370,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at $1,116,000.

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.