VanEck Semiconductor ETF (NASDAQ:SMH) Reaches New 12-Month Low – Time to Sell?

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

VanEck Semiconductor ETF Trading Down 8.7 %

The stock has a fifty day moving average of $235.38 and a 200-day moving average of $243.59. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of institutional investors have recently bought and sold shares of the stock. Hartford Financial Management Inc. raised its holdings in shares of VanEck Semiconductor ETF by 61.9% during 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. Duncker Streett & Co. Inc. raised its stake in VanEck Semiconductor ETF by 3.9% during the 4th quarter. Duncker Streett & Co. Inc. now owns 1,081 shares of the company’s stock valued at $262,000 after purchasing an additional 41 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of VanEck Semiconductor ETF by 2.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,905 shares of the company’s stock valued at $461,000 after purchasing an additional 41 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of VanEck Semiconductor ETF by 50.6% in the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Finally, Smith Anglin Financial LLC lifted its holdings in shares of VanEck Semiconductor ETF by 1.3% in the fourth quarter. Smith Anglin Financial LLC now owns 3,545 shares of the company’s stock valued at $859,000 after purchasing an additional 45 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.