VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) was down 1.1% during trading on Thursday. The company traded as low as $555.50 and last traded at $561.67. 5,820,492 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 9,295,948 shares. The stock had previously closed at $567.67.
VanEck Semiconductor ETF Trading Down 1.1%
The stock has a market cap of $70.96 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The stock’s 50-day simple moving average is $573.40 and its 200-day simple moving average is $516.67.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in VanEck Semiconductor ETF in the first quarter worth $141,661,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in VanEck Semiconductor ETF in the 3rd quarter valued at $183,763,000. Clal Insurance Enterprises Holdings Ltd raised its stake 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 purchasing an additional 295,000 shares during the last quarter. GoalVest Advisory LLC lifted its stake in VanEck Semiconductor ETF by 290,983.3% in the 3rd quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock worth $106,362,000 after purchasing an additional 174,590 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its position in shares of VanEck Semiconductor ETF by 17.3% during the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after acquiring an additional 133,601 shares during the last quarter.
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.
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