VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) shares were up 5.1% during mid-day trading on Monday. The stock traded as high as $490.47 and last traded at $487.41. 14,558,745 shares were traded during trading, an increase of 53% from the average daily volume of 9,503,940 shares. The stock had previously closed at $463.96.
VanEck Semiconductor ETF Trading Up 5.1%
The stock has a market capitalization of $63.04 billion, a P/E ratio of 24.39 and a beta of 1.80. The business has a 50-day moving average price of $565.60 and a 200 day moving average price of $520.56.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VanEck Semiconductor ETF in the third quarter valued at about $882,792,000. Renaissance Technologies LLC acquired a new stake in shares of VanEck Semiconductor ETF during the first quarter worth approximately $141,661,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VanEck Semiconductor ETF during the third quarter worth approximately $183,763,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of VanEck Semiconductor ETF by 107.3% in the first 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. Finally, Commonwealth Equity Services LLC bought a new position in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $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.
Further Reading
- Five stocks we like better than VanEck Semiconductor ETF
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for VanEck Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
