VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s stock price fell 2.7% during mid-day trading on Wednesday. The stock traded as low as $497.33 and last traded at $504.27. 13,109,821 shares traded hands during trading, an increase of 40% from the average session volume of 9,348,559 shares. The stock had previously closed at $518.52.
VanEck Semiconductor ETF Trading Down 2.7%
The firm has a 50-day moving average of $571.01 and a 200 day moving average of $519.42. The company has a market cap of $64.57 billion, a P/E ratio of 34.83 and a beta of 1.73.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Kaydan Wealth Management Inc. boosted its position in VanEck Semiconductor ETF by 3.6% during the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock worth $317,000 after buying an additional 18 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in VanEck Semiconductor ETF by 0.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after purchasing an additional 21 shares during the period. Lantern Wealth Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 2.1% during the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after buying an additional 21 shares during the period. Hohimer Wealth Management LLC raised its position in shares of VanEck Semiconductor ETF by 6.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 418 shares of the company’s stock worth $255,000 after acquiring an additional 27 shares in the last quarter. Finally, JSF Financial LLC increased its holdings in VanEck Semiconductor ETF by 2.7% in the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock worth $411,000 after purchasing an additional 28 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.
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