Shares of VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) traded up 4.8% during trading on Wednesday. The stock traded as high as $516.65 and last traded at $506.96. 14,518,545 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 9,531,805 shares. The stock had previously closed at $483.63.
VanEck Semiconductor ETF Stock Up 4.8%
The business’s 50-day moving average is $562.83 and its two-hundred day moving average is $521.39. The company has a market capitalization of $65.57 billion, a P/E ratio of 24.39 and a beta of 1.80.
Institutional Investors Weigh In On VanEck Semiconductor ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SMH. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $882,792,000. Renaissance Technologies LLC purchased a new stake in shares of VanEck Semiconductor ETF during the first quarter valued at approximately $141,661,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VanEck Semiconductor ETF during the third quarter valued at approximately $183,763,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of VanEck Semiconductor ETF by 107.3% during the first 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 last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in VanEck Semiconductor ETF during the third quarter worth $120,762,000.
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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