VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) shares fell 7% on Friday. The company traded as low as $511.63 and last traded at $522.49. 17,005,559 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 9,333,700 shares. The stock had previously closed at $561.67.
VanEck Semiconductor ETF Trading Down 7.0%
The company’s fifty day moving average is $573.42 and its 200 day moving average is $517.53. The company has a market cap of $66.01 billion, a P/E ratio of 34.83 and a beta of 1.73.
Institutional Trading of VanEck Semiconductor ETF
Several institutional investors have recently added to or reduced their stakes in the business. Meitav Investment House Ltd. lifted its stake in shares of VanEck Semiconductor ETF by 17.3% in the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after acquiring an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings 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 valued at $218,538,000 after acquiring an additional 295,000 shares during the period. Cetera Investment Advisers grew its position in VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after acquiring an additional 16,810 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in VanEck Semiconductor ETF during the 3rd quarter worth approximately $183,763,000. Finally, Renaissance Technologies LLC bought a new position in VanEck Semiconductor ETF during the 1st quarter worth approximately $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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