VanEck Semiconductor ETF (NASDAQ:SMH) Stock Price Up 3.6% – Here’s Why

VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) shot up 3.6% during trading on Friday. The company traded as high as $476.25 and last traded at $463.96. 16,771,897 shares were traded during trading, an increase of 77% from the average session volume of 9,474,773 shares. The stock had previously closed at $447.73.

VanEck Semiconductor ETF Stock Performance

The company has a market cap of $58.92 billion, a PE ratio of 34.83 and a beta of 1.78. The company has a 50 day simple moving average of $567.78 and a two-hundred day simple moving average of $520.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth $30,000. Timbuktu Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth $33,000. Kings Path Partners LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter valued at $30,000. Finally, Alpine Bank Wealth Management acquired a new stake in VanEck Semiconductor ETF during the third quarter valued at $39,000.

VanEck Semiconductor ETF Company Profile

(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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