VanEck Semiconductor ETF (NASDAQ:SMH) Shares Up 1.7% – Here’s What Happened

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) were up 1.7% on Wednesday. The stock traded as high as $571.00 and last traded at $567.67. Approximately 6,271,544 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 9,309,001 shares. The stock had previously closed at $557.98.

VanEck Semiconductor ETF Stock Down 7.0%

The firm’s fifty day moving average is $572.62 and its two-hundred day moving average is $518.19. The firm has a market cap of $66.59 billion, a P/E ratio of 34.83 and a beta of 1.73.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Meitav Investment House Ltd. lifted its holdings 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 worth $347,140,000 after acquiring an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position 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 purchasing an additional 295,000 shares in the last quarter. Cetera Investment Advisers lifted its stake in VanEck Semiconductor ETF by 3.4% in 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 period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Semiconductor ETF during the third quarter valued at approximately $183,763,000. Finally, Renaissance Technologies LLC bought a new stake in VanEck Semiconductor ETF during the 1st quarter valued at $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.