VanEck Semiconductor ETF (NASDAQ:SMH) Stock Falls 3% – Should You Sell?

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) traded down 3% during mid-day trading on Friday. The company traded as low as $473.26 and last traded at $486.75. 12,111,558 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 9,549,851 shares. The stock had previously closed at $501.73.

VanEck Semiconductor ETF Price Performance

The stock has a market capitalization of $62.57 billion, a P/E ratio of 24.39 and a beta of 1.78. The firm’s 50 day moving average price is $561.09 and its 200 day moving average price is $522.44.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMH. Kaydan Wealth Management Inc. lifted its position in VanEck Semiconductor ETF by 3.6% during the third quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after purchasing an additional 18 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in VanEck Semiconductor ETF by 0.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after purchasing an additional 21 shares during the last quarter. Lantern Wealth Advisors LLC grew its position in VanEck Semiconductor ETF by 2.1% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after purchasing an additional 21 shares during the period. Hohimer Wealth Management LLC grew its position in 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 purchasing an additional 27 shares during the period. Finally, JSF Financial LLC grew its position in VanEck Semiconductor ETF by 2.7% in the 1st quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock worth $411,000 after purchasing an additional 28 shares during the period.

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.