VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s stock price was down 2.7% on Wednesday. The company traded as low as $497.33 and last traded at $504.27. Approximately 13,109,821 shares traded hands during trading, an increase of 40% from the average daily volume of 9,348,559 shares. The stock had previously closed at $518.52.
VanEck Semiconductor ETF Trading Down 2.7%
The firm’s 50-day moving average is $571.01 and its 200-day moving average is $519.42. The firm has a market cap of $64.57 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.
Hedge Funds Weigh In On VanEck Semiconductor ETF
Several large investors have recently added to or reduced their stakes in SMH. Kestra Investment Management LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter valued at about $701,000. 5th Street Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 4.2% in the third quarter. 5th Street Advisors LLC now owns 7,601 shares of the company’s stock valued at $4,629,000 after buying an additional 307 shares during the period. Hohimer Wealth Management LLC lifted its holdings in VanEck Semiconductor ETF by 6.9% during the third quarter. Hohimer Wealth Management LLC now owns 418 shares of the company’s stock valued at $255,000 after purchasing an additional 27 shares during the last quarter. Paragon Advisors LLC boosted its holdings in VanEck Semiconductor ETF by 4.5% in the 3rd quarter. Paragon Advisors LLC now owns 7,824 shares of the company’s stock worth $4,765,000 after buying an additional 336 shares during the period. Finally, M Holdings Securities Inc. purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter worth about $2,466,000.
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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