VanEck Semiconductor ETF (NASDAQ:SMH) Stock Jumps 3.6% – Here’s Why

VanEck Semiconductor ETF (NASDAQ:SMH) shares shot up 3.6% during trading on Friday. The company traded as high as $476.25 and last traded at $463.96. Approximately 16,771,897 shares changed hands during trading, an increase of 77% from the average daily volume of 9,474,773 shares. The stock had previously closed at $447.73.

VanEck Semiconductor ETF Price Performance

The stock has a market capitalization of $58.92 billion, a price-to-earnings ratio of 34.83 and a beta of 1.78. The company has a 50-day simple moving average of $567.78 and a two-hundred day simple moving average of $520.19.

Institutional Trading of VanEck Semiconductor ETF

A number of large investors have recently modified their holdings of the company. Kaydan Wealth Management Inc. lifted its holdings in shares of VanEck Semiconductor ETF by 3.6% in the third quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after purchasing an additional 18 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of VanEck Semiconductor ETF by 0.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after buying an additional 21 shares during the period. Lantern Wealth Advisors LLC boosted its position in shares of VanEck Semiconductor ETF by 2.1% in the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after buying an additional 21 shares during the period. Hohimer Wealth Management LLC grew its holdings in shares of 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 buying an additional 27 shares in the last quarter. Finally, JSF Financial LLC grew its holdings in shares of VanEck Semiconductor ETF by 2.7% during the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock valued at $411,000 after buying an additional 28 shares in 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.