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

VanEck Semiconductor ETF (NASDAQ:SMH) shares hit a new 52-week high on Friday . The company traded as high as $389.74 and last traded at $389.6210, with a volume of 4290356 shares trading hands. The stock had previously closed at $378.98.

VanEck Semiconductor ETF Trading Up 2.8%

The company has a market capitalization of $41.36 billion, a PE ratio of 34.83 and a beta of 1.52. The company’s 50 day moving average price is $357.34 and its 200-day moving average price is $324.83.

VanEck Semiconductor ETF Announces Dividend

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

Hedge Funds Weigh In On VanEck Semiconductor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Realta Investment Advisors raised its holdings in VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after buying an additional 38 shares during the period. Grove Bank & Trust purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $25,000. Sound Income Strategies LLC lifted its holdings in shares of VanEck Semiconductor ETF by 175.8% during the 3rd quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $31,000 after acquiring an additional 58 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter worth $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.