VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) shares traded down 11.2% during trading on Thursday. The company traded as low as $445.59 and last traded at $447.73. Approximately 28,634,243 shares traded hands during trading, an increase of 204% from the average session volume of 9,430,657 shares. The stock had previously closed at $504.27.
VanEck Semiconductor ETF Stock Performance
The business has a 50-day moving average of $565.60 and a 200 day moving average of $520.56. The stock has a market cap of $58.92 billion, a PE ratio of 34.83 and a beta of 1.78.
Institutional Investors Weigh In On VanEck Semiconductor ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in VanEck Semiconductor ETF by 107.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after acquiring an additional 295,000 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of VanEck Semiconductor ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after purchasing an additional 16,810 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $183,763,000. Renaissance Technologies LLC purchased a new stake in shares of VanEck Semiconductor ETF in the first quarter valued at $141,661,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $120,762,000.
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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