VanEck Semiconductor ETF (NASDAQ:SMH) Shares Gap Down – Should You Sell?

VanEck Semiconductor ETF (NASDAQ:SMH)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $202.92, but opened at $193.16. VanEck Semiconductor ETF shares last traded at $196.27, with a volume of 2,555,236 shares trading hands.

VanEck Semiconductor ETF Price Performance

The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 25.25 and a beta of 1.35. The business has a fifty day moving average price of $224.10 and a two-hundred day moving average price of $240.08.

Institutional Trading of VanEck Semiconductor ETF

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in VanEck Semiconductor ETF by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock worth $348,091,000 after buying an additional 133,724 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings in VanEck Semiconductor ETF by 3.2% in the 4th quarter. Main Management ETF Advisors LLC now owns 972,740 shares of the company’s stock worth $235,568,000 after purchasing an additional 29,920 shares during the period. Meitav Investment House Ltd. boosted its position in VanEck Semiconductor ETF by 4.1% during the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock worth $151,269,000 after purchasing an additional 24,516 shares in the last quarter. Raymond James Financial Inc. purchased a new position in VanEck Semiconductor ETF during the fourth quarter worth approximately $144,385,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in VanEck Semiconductor ETF in the fourth quarter valued at approximately $121,329,000.

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.