VanEck Semiconductor ETF (NASDAQ:SMH) Stock Jumps 2% – Here’s What Happened

VanEck Semiconductor ETF (NASDAQ:SMH)’s share price traded up 2% during trading on Tuesday. The stock traded as high as $524.70 and last traded at $518.52. Approximately 8,719,790 shares were traded during trading, a decline of 7% from the average session volume of 9,329,862 shares. The stock had previously closed at $508.31.

VanEck Semiconductor ETF Stock Performance

The stock’s fifty day moving average is $571.57 and its two-hundred day moving average is $518.77. The firm has a market cap of $66.39 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SMH. Verus Capital Partners LLC lifted its stake in shares of VanEck Semiconductor ETF by 62.4% in the third quarter. Verus Capital Partners LLC now owns 1,950 shares of the company’s stock worth $1,188,000 after buying an additional 749 shares during the last quarter. Tennessee Valley Asset Management Partners grew its stake in VanEck Semiconductor ETF by 14.8% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 5,759 shares of the company’s stock valued at $3,507,000 after buying an additional 741 shares during the last quarter. American Institute for Advanced Investment Management LLP raised its holdings in VanEck Semiconductor ETF by 6.7% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 4,340 shares of the company’s stock worth $2,643,000 after acquiring an additional 273 shares during the period. Flagship Wealth Advisors LLC raised its holdings in VanEck Semiconductor ETF by 1.1% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 7,214 shares of the company’s stock worth $4,393,000 after acquiring an additional 75 shares during the period. Finally, Tamar Securities LLC raised its holdings in VanEck Semiconductor ETF by 14.8% in the 3rd quarter. Tamar Securities LLC now owns 22,782 shares of the company’s stock worth $13,874,000 after acquiring an additional 2,945 shares during the period.

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.