VanEck Semiconductor ETF (NASDAQ:SMH) Sets New 1-Year Low – Time to Sell?

VanEck Semiconductor ETF (NASDAQ:SMHGet Free Report)’s stock price hit a new 52-week low on Thursday . The company traded as low as $197.46 and last traded at $198.88, with a volume of 5506428 shares traded. The stock had previously closed at $214.09.

VanEck Semiconductor ETF Trading Down 7.6 %

The company’s 50 day simple moving average is $232.34 and its 200-day simple moving average is $242.88. The firm has a market cap of $16.29 billion, a P/E ratio of 25.25 and a beta of 1.39.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of institutional investors and hedge funds have recently modified their holdings of SMH. Hartford Financial Management Inc. lifted its holdings in VanEck Semiconductor ETF by 61.9% in the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the period. Mather Group LLC. lifted its stake in shares of VanEck Semiconductor ETF by 320.0% in the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth approximately $27,000. Ethos Financial Group LLC bought a new stake in VanEck Semiconductor ETF during the fourth quarter valued at approximately $28,000. Finally, Hemington Wealth Management increased its holdings in VanEck Semiconductor ETF by 50.6% during the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after buying an additional 44 shares during the last quarter.

About VanEck Semiconductor ETF

(Get Free Report)

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.

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