VanEck Semiconductor ETF (NASDAQ:SMH) Shares Up 5.1% – Still a Buy?

VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s share price rose 5.1% during trading on Monday. The stock traded as high as $490.47 and last traded at $487.41. 14,558,745 shares traded hands during trading, an increase of 53% from the average daily volume of 9,503,940 shares. The stock had previously closed at $463.96.

VanEck Semiconductor ETF Stock Performance

The stock’s 50 day simple moving average is $562.83 and its 200 day simple moving average is $521.39. The firm has a market cap of $65.57 billion, a PE ratio of 24.39 and a beta of 1.80.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several institutional investors have recently bought and sold shares of SMH. Allied Private Wealth LLC bought a new stake in VanEck Semiconductor ETF in the second quarter valued at $26,000. MassMutual Private Wealth & Trust FSB bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth $30,000. Kings Path Partners LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $30,000. Timbuktu Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $33,000. Finally, Resources Management Corp CT ADV bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at about $38,000.

VanEck Semiconductor ETF Company Profile

(Get Free Report)

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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