VanEck Semiconductor ETF (NASDAQ:SMH) Stock Price Down 1.4%

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) dropped 1.4% on Wednesday . The stock traded as low as $215.73 and last traded at $216.04. Approximately 2,749,216 shares were traded during trading, a decline of 68% from the average daily volume of 8,562,729 shares. The stock had previously closed at $219.16.

VanEck Semiconductor ETF Stock Down 0.6 %

The business’s 50-day simple moving average is $217.26 and its two-hundred day simple moving average is $182.86. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 17.19 and a beta of 1.35.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. acquired a new position in VanEck Semiconductor ETF during the 3rd quarter worth about $25,000. Macroview Investment Management LLC lifted its holdings in VanEck Semiconductor ETF by 245.2% during the 4th quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in VanEck Semiconductor ETF by 363.2% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 176 shares of the company’s stock valued at $26,000 after buying an additional 138 shares during the period. Horizon Investments LLC grew its stake in shares of VanEck Semiconductor ETF by 96.7% in the second quarter. Horizon Investments LLC now owns 177 shares of the company’s stock worth $27,000 after acquiring an additional 87 shares in the last quarter. Finally, Covestor Ltd acquired a new position in shares of VanEck Semiconductor ETF in the first quarter worth $27,000.

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.