VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s share price rose 5.1% during trading on Monday. The company traded as high as $490.47 and last traded at $487.41. 14,558,745 shares changed hands during mid-day 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 company has a market capitalization of $63.04 billion, a P/E ratio of 24.39 and a beta of 1.80. The stock has a fifty day moving average of $565.60 and a 200 day moving average of $520.56.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VanEck Semiconductor ETF during the 3rd quarter worth approximately $882,792,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of 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 position in shares of 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. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Semiconductor ETF in the third quarter worth approximately $183,763,000. Finally, Renaissance Technologies LLC bought a new position in shares of VanEck Semiconductor ETF in the first quarter worth approximately $141,661,000.
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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