VanEck Semiconductor ETF (NASDAQ:SMH) Reaches New 1-Year High – Here’s What Happened

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $420.94 and last traded at $418.9290, with a volume of 3445845 shares changing hands. The stock had previously closed at $412.88.

VanEck Semiconductor ETF Price Performance

The firm has a 50-day moving average of $388.69 and a 200 day moving average of $350.58. The stock has a market capitalization of $45.83 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMH. Bank of America Corp DE grew its position in VanEck Semiconductor ETF by 170.8% during the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock worth $4,384,288,000 after buying an additional 7,678,318 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after purchasing an additional 752,097 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 worth $431,759,000 after purchasing an additional 735,425 shares during the period. JPMorgan Chase & Co. raised its stake in VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after purchasing an additional 703,799 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in VanEck Semiconductor ETF by 906.5% in the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares in the last quarter.

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.