VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s share price was down 2.7% during trading on Monday. The stock traded as low as $506.44 and last traded at $508.31. 8,455,568 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 9,333,616 shares. The stock had previously closed at $522.49.
VanEck Semiconductor ETF Stock Performance
The company has a market capitalization of $64.57 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The stock’s fifty day simple moving average is $569.98 and its two-hundred day simple moving average is $519.96.
Institutional Trading of VanEck Semiconductor ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Meitav Investment House Ltd. increased its holdings in shares of VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after buying an additional 133,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of VanEck Semiconductor ETF by 107.3% during the 1st 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. Cetera Investment Advisers lifted its position in shares of VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after acquiring an additional 16,810 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth $183,763,000. Finally, Renaissance Technologies LLC bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter worth $141,661,000.
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.
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