VanEck Semiconductor ETF (NASDAQ:SMH) Sets New 12-Month Low – Here’s What Happened

VanEck Semiconductor ETF (NASDAQ:SMH) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $197.46 and last traded at $198.88, with a volume of 5506428 shares trading hands. The stock had previously closed at $214.09.

VanEck Semiconductor ETF Price Performance

The stock’s 50 day moving average is $232.34 and its 200-day moving average is $242.88. The company has a market capitalization of $16.29 billion, a P/E ratio of 25.25 and a beta of 1.39.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of VanEck Semiconductor ETF by 7.2% in the third quarter. FMR LLC now owns 19,264 shares of the company’s stock worth $4,728,000 after acquiring an additional 1,297 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in VanEck Semiconductor ETF by 5.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,501 shares of the company’s stock worth $3,559,000 after purchasing an additional 685 shares in the last quarter. Quantinno Capital Management LP grew its position in VanEck Semiconductor ETF by 13.2% during the 3rd quarter. Quantinno Capital Management LP now owns 3,509 shares of the company’s stock valued at $861,000 after purchasing an additional 408 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at about $1,055,000. Finally, Insigneo Advisory Services LLC raised its holdings in VanEck Semiconductor ETF by 22.7% in the third quarter. Insigneo Advisory Services LLC now owns 11,838 shares of the company’s stock worth $2,906,000 after buying an additional 2,191 shares during the last quarter.

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.