VanEck Semiconductor ETF (NASDAQ:SMH) Shares Climb 2% – Time to Buy?

by · The Markets Daily

Shares of VanEck Semiconductor ETF (NASDAQ:SMH – Get Free Report) rose 2% on Tuesday. The company traded as high as $524.70 and last traded at $518.52. 8,719,790 shares traded hands during trading, a decline of 7% from the average session volume of 9,329,862 shares. The stock had previously closed at $508.31.

VanEck Semiconductor ETF Stock Down 11.5%

The company has a market cap of $56.64 billion, a price-to-earnings ratio of 34.83 and a beta of 1.78. The business’s fifty day simple moving average is $567.78 and its two-hundred day simple moving average is $520.19.

Institutional Investors Weigh In On VanEck Semiconductor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SMH. Clal Insurance Enterprises Holdings Ltd raised its position in shares of VanEck Semiconductor ETF by 107.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after buying an additional 295,000 shares during the last quarter. Cetera Investment Advisers boosted its position in VanEck Semiconductor ETF by 3.4% during the first 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. Renaissance Technologies LLC acquired a new stake in VanEck Semiconductor ETF during the first quarter worth approximately $141,661,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $183,763,000. Finally, Commonwealth Equity Services LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $120,762,000.

About VanEck Semiconductor ETF

(Get Free Report)

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.

Recommended Stories