VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) dropped 7% during mid-day trading on Friday. The stock traded as low as $511.63 and last traded at $522.49. 17,005,559 shares changed hands during trading, an increase of 82% from the average daily volume of 9,333,700 shares. The stock had previously closed at $561.67.
VanEck Semiconductor ETF Price Performance
The firm has a fifty day simple moving average of $573.42 and a 200-day simple moving average of $517.53. The firm has a market cap of $66.01 billion, a P/E ratio of 34.83 and a beta of 1.73.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meitav Investment House Ltd. raised 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 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 VanEck Semiconductor ETF by 107.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after buying an additional 295,000 shares during the last quarter. Cetera Investment Advisers boosted its stake in VanEck Semiconductor ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after buying an additional 16,810 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in VanEck Semiconductor ETF in the first quarter worth approximately $141,661,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in VanEck Semiconductor ETF in the third quarter worth approximately $183,763,000.
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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