VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $645.85 and last traded at $645.39, with a volume of 1215181 shares traded. The stock had previously closed at $619.96.
VanEck Semiconductor ETF Trading Up 4.2%
The business’s fifty day simple moving average is $527.42 and its 200 day simple moving average is $435.44. The stock has a market cap of $75.06 billion, a P/E ratio of 34.83 and a beta of 1.72.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SMH. Bank of America Corp DE boosted its stake in shares of VanEck Semiconductor ETF by 170.8% in the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after purchasing an additional 752,097 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after purchasing an additional 735,425 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of VanEck Semiconductor ETF by 906.5% in the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the last quarter. Finally, Capital Markets Trading UK LLP boosted its stake in shares of VanEck Semiconductor ETF by 100.7% in the 3rd quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after purchasing an additional 617,050 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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