VanEck Semiconductor ETF (NASDAQ:SMH) Shares Climb 2% – Should You Buy?

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price traded up 2% during mid-day trading on Tuesday. The stock traded as high as $524.70 and last traded at $518.52. Approximately 8,719,790 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 9,329,862 shares. The stock had previously closed at $508.31.

VanEck Semiconductor ETF Trading Up 2.0%

The firm has a market cap of $66.39 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The firm has a 50-day moving average of $571.57 and a two-hundred day moving average of $518.77.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Meitav Investment House Ltd. grew its stake in shares of VanEck Semiconductor ETF by 17.3% in the first 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 increased its position in 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 worth $218,538,000 after acquiring an additional 295,000 shares during the period. Cetera Investment Advisers raised its stake in VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after purchasing an additional 16,810 shares during the last quarter. Renaissance Technologies LLC bought a new stake in VanEck Semiconductor ETF in the 1st quarter valued at $141,661,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in VanEck Semiconductor ETF in the 3rd quarter valued at $183,763,000.

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.