VanEck Semiconductor ETF (NASDAQ:SMH) Trading Down 0.5%

Shares of VanEck Semiconductor ETF (NASDAQ:SMH) were down 0.5% during trading on Thursday . The company traded as low as $207.36 and last traded at $211.32. Approximately 3,956,372 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 8,628,645 shares. The stock had previously closed at $212.40.

VanEck Semiconductor ETF Stock Performance

The firm has a market capitalization of $16.63 billion, a P/E ratio of 17.70 and a beta of 1.78. The stock’s 50 day simple moving average is $217.17 and its 200 day simple moving average is $183.23.

Hedge Funds Weigh In On VanEck Semiconductor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd bought a new position in shares of VanEck Semiconductor ETF during the first quarter valued at approximately $27,000. Macroview Investment Management LLC boosted its stake in shares of VanEck Semiconductor ETF by 245.2% during the fourth quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter valued at approximately $30,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in VanEck Semiconductor ETF during the third quarter valued at approximately $25,000.

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.