VanEck Semiconductor ETF (NASDAQ:SMH) Stock Jumps 4.8% – What’s Next?

Shares of VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) were up 4.8% on Wednesday. The stock traded as high as $516.65 and last traded at $506.96. 14,518,545 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 9,531,805 shares. The stock had previously closed at $483.63.

VanEck Semiconductor ETF Stock Performance

The stock has a 50 day moving average price of $561.09 and a two-hundred day moving average price of $522.44. The company has a market capitalization of $62.57 billion, a PE ratio of 24.39 and a beta of 1.78.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VanEck Semiconductor ETF in the third quarter worth approximately $882,792,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after purchasing an additional 295,000 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of VanEck Semiconductor ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after purchasing an additional 16,810 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 1st quarter valued at $141,661,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in VanEck Semiconductor ETF in the third quarter worth $183,763,000.

About VanEck Semiconductor ETF

(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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