VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) shares dropped 2.7% 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 session volume of 9,333,616 shares. The stock had previously closed at $522.49.
VanEck Semiconductor ETF Price Performance
The firm’s 50 day moving average price is $572.62 and its 200-day moving average price is $518.19. The firm has a market cap of $64.78 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.
Institutional Trading of VanEck Semiconductor ETF
Hedge funds have recently bought and sold shares of the stock. Meitav Investment House Ltd. increased its holdings 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 worth $347,140,000 after purchasing an additional 133,601 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted 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 buying an additional 295,000 shares during the period. Cetera Investment Advisers lifted its stake in shares of VanEck Semiconductor ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after buying an additional 16,810 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at about $183,763,000. Finally, Renaissance Technologies LLC acquired a new stake in VanEck Semiconductor ETF during the first quarter worth about $141,661,000.
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.
Further Reading
- Five stocks we like better than VanEck Semiconductor ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
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.
