VanEck Semiconductor ETF (NASDAQ:SMH) Shares Up 3.6% – Should You Buy?

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) traded up 3.6% during trading on Friday. The stock traded as high as $476.25 and last traded at $463.96. Approximately 16,771,897 shares changed hands during trading, an increase of 77% from the average session volume of 9,474,773 shares. The stock had previously closed at $447.73.

VanEck Semiconductor ETF Stock Up 3.6%

The stock has a market capitalization of $58.92 billion, a PE ratio of 34.83 and a beta of 1.78. The stock’s 50-day moving average is $565.60 and its 200 day moving average is $520.56.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Institutional investors have recently modified their holdings of the stock. Rasp Wealth Solutions LLC increased its stake in shares of VanEck Semiconductor ETF by 39.7% in the third quarter. Rasp Wealth Solutions LLC now owns 1,925 shares of the company’s stock worth $1,172,000 after acquiring an additional 547 shares during the last quarter. Collier Financial boosted its position in VanEck Semiconductor ETF by 179.5% during the third quarter. Collier Financial now owns 327 shares of the company’s stock valued at $199,000 after purchasing an additional 210 shares during the last quarter. Condor Capital Management acquired a new stake in VanEck Semiconductor ETF during the third quarter valued at $33,946,000. Diversified Trust Co purchased a new position in VanEck Semiconductor ETF in the third quarter valued at about $558,000. Finally, Moors & Cabot Inc. purchased a new position in VanEck Semiconductor ETF in the third quarter valued at about $1,748,000.

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.