Shares of VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) traded down 11.2% on Thursday. The company traded as low as $445.59 and last traded at $447.73. 28,634,243 shares changed hands 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 Price Performance
The company has a fifty day moving average of $569.98 and a two-hundred day moving average of $519.96. The stock has a market capitalization of $57.11 billion, a P/E ratio of 34.83 and a beta of 1.73.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Kaydan Wealth Management Inc. boosted its stake in shares of VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after purchasing an additional 18 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of VanEck Semiconductor ETF by 0.6% during the 2nd 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 raised its stake in shares of VanEck Semiconductor ETF by 2.1% during 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 last quarter. Hohimer Wealth Management LLC raised its stake 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 worth $255,000 after buying an additional 27 shares during the last quarter. Finally, JSF Financial LLC raised its stake 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 worth $411,000 after buying an additional 28 shares during the last quarter.
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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