VanEck Semiconductor ETF (NASDAQ:SMH) Shares Down 1.4%

VanEck Semiconductor ETF (NASDAQ:SMH) fell 1.4% during mid-day trading on Wednesday . The stock traded as low as $215.73 and last traded at $216.04. 2,749,216 shares were traded during mid-day trading, a decline of 68% from the average session volume of 8,562,729 shares. The stock had previously closed at $219.16.

VanEck Semiconductor ETF Price Performance

The firm’s 50-day moving average price is $216.76 and its 200 day moving average price is $182.47. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 17.19 and a beta of 1.35.

Institutional Investors Weigh In On VanEck Semiconductor ETF

A number of large investors have recently bought and sold shares of the stock. CI Investments Inc. boosted its stake in shares of VanEck Semiconductor ETF by 166.7% during the third quarter. CI Investments Inc. now owns 1,553,303 shares of the company’s stock valued at $225,198,000 after acquiring an additional 970,943 shares during the last quarter. Jane Street Group LLC lifted its holdings in VanEck Semiconductor ETF by 28.2% in the 1st quarter. Jane Street Group LLC now owns 1,080,467 shares of the company’s stock valued at $284,368,000 after purchasing an additional 237,394 shares in the last quarter. Morgan Stanley lifted its holdings in VanEck Semiconductor ETF by 25.8% in the 4th quarter. Morgan Stanley now owns 810,841 shares of the company’s stock valued at $164,552,000 after purchasing an additional 166,418 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in shares of VanEck Semiconductor ETF by 103.2% during the 4th quarter. Meitav Investment House Ltd. now owns 732,008 shares of the company’s stock worth $127,948,000 after purchasing an additional 371,831 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth about $105,273,000.

VanEck Semiconductor ETF Company Profile

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.