VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) shares dropped 11.2% during trading on Thursday. The company traded as low as $445.59 and last traded at $447.73. 28,634,243 shares were traded during trading, an increase of 204% from the average daily volume of 9,430,657 shares. The stock had previously closed at $504.27.
VanEck Semiconductor ETF Trading Down 11.5%
The stock has a 50 day moving average price of $569.98 and a two-hundred day moving average price of $519.96. The company has a market cap of $57.11 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in shares of VanEck Semiconductor ETF in the 1st quarter valued at about $141,661,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $183,763,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after acquiring an additional 295,000 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in VanEck Semiconductor ETF during the 3rd quarter worth approximately $120,762,000. Finally, GoalVest Advisory LLC boosted its stake in VanEck Semiconductor ETF by 290,983.3% during the 3rd quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock worth $106,362,000 after acquiring an additional 174,590 shares during 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.
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