VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s stock price was down 3% during mid-day trading on Friday. The company traded as low as $473.26 and last traded at $486.75. 12,111,558 shares traded hands during trading, an increase of 27% from the average daily volume of 9,549,851 shares. The stock had previously closed at $501.73.
VanEck Semiconductor ETF Stock Down 3.0%
The stock has a market cap of $62.57 billion, a PE ratio of 24.39 and a beta of 1.78. The company has a fifty day moving average price of $561.09 and a 200 day moving average price of $522.44.
Hedge Funds Weigh In On VanEck Semiconductor ETF
Several institutional investors and hedge funds have recently bought and sold shares of SMH. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VanEck Semiconductor ETF in the third quarter valued at approximately $882,792,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of VanEck Semiconductor ETF by 10,787.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 427,500 shares of the company’s stock worth $260,348,000 after purchasing an additional 431,500 shares during the last quarter. Cetera Investment Advisers increased its stake 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 buying an additional 16,810 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck Semiconductor ETF in the third quarter worth $183,763,000. Finally, Renaissance Technologies LLC bought a new stake in VanEck Semiconductor ETF during the 1st quarter valued at $141,661,000.
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.
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