VanEck Semiconductor ETF (NASDAQ:SMH) Trading Down 1.5%

VanEck Semiconductor ETF (NASDAQ:SMH)’s share price was down 1.5% during trading on Friday . The company traded as low as $204.39 and last traded at $205.53. Approximately 2,598,220 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 8,628,015 shares. The stock had previously closed at $208.63.

VanEck Semiconductor ETF Stock Performance

The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 17.19 and a beta of 1.35. The company has a 50 day moving average price of $217.26 and a two-hundred day moving average price of $182.86.

Institutional Trading of VanEck Semiconductor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in VanEck Semiconductor ETF by 9.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,541 shares of the company’s stock worth $368,000 after purchasing an additional 213 shares during the last quarter. Mutual Advisors LLC grew its stake in VanEck Semiconductor ETF by 12.1% during the 4th quarter. Mutual Advisors LLC now owns 3,867 shares of the company’s stock valued at $676,000 after acquiring an additional 417 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at about $277,000. Pinnacle Associates Ltd. raised its holdings in VanEck Semiconductor ETF by 2.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,866 shares of the company’s stock valued at $1,026,000 after acquiring an additional 130 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in VanEck Semiconductor ETF in the 4th quarter worth approximately $40,189,000.

About VanEck Semiconductor ETF

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.