VanEck Semiconductor ETF (NASDAQ:SMH) Hits New 12-Month High at $280.45

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $280.45 and last traded at $280.40, with a volume of 2950100 shares trading hands. The stock had previously closed at $274.81.

VanEck Semiconductor ETF Price Performance

The business’s 50-day moving average price is $250.65 and its two-hundred day moving average price is $219.75. The company has a market capitalization of $23.83 billion, a P/E ratio of 18.82 and a beta of 1.35.

Institutional Trading of VanEck Semiconductor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macroview Investment Management LLC grew its position in shares of VanEck Semiconductor ETF by 245.2% during the 4th quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Silicon Valley Capital Partners bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at approximately $25,000. Creekmur Asset Management LLC acquired a new stake in shares of VanEck Semiconductor ETF during the 4th quarter valued at $30,000. Pineridge Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF by 294.1% during the first quarter. Pineridge Advisors LLC now owns 134 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Finally, Olistico Wealth LLC bought a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $31,000.

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.