VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s share price was down 1% on Thursday. The stock traded as low as $484.50 and last traded at $501.73. 10,053,683 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 9,537,995 shares. The stock had previously closed at $506.96.
VanEck Semiconductor ETF Stock Down 1.0%
The company has a 50 day simple moving average of $562.06 and a 200-day simple moving average of $521.92. The stock has a market cap of $64.49 billion, a price-to-earnings ratio of 24.39 and a beta of 1.78.
Institutional Investors Weigh In On VanEck Semiconductor ETF
A number of institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $882,792,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in VanEck Semiconductor ETF by 107.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after purchasing an additional 295,000 shares during the period. Cetera Investment Advisers boosted its holdings 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 purchasing an additional 16,810 shares during the period. Renaissance Technologies LLC bought a new stake in VanEck Semiconductor ETF during the first quarter valued at $141,661,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in VanEck Semiconductor ETF during the third quarter valued at $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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