VanEck Semiconductor ETF (NASDAQ:SMH) Stock Price Down 0.5%

VanEck Semiconductor ETF (NASDAQ:SMH) shares dropped 0.5% on Thursday . The company traded as low as $207.36 and last traded at $211.32. Approximately 3,956,372 shares traded hands during 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 Down 1.8 %

The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 17.19 and a beta of 1.35. The business’s 50-day moving average is $217.07 and its two-hundred day moving average is $182.68.

Hedge Funds Weigh In On VanEck Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Claro Advisors LLC boosted its position in VanEck Semiconductor ETF by 149.1% during the first quarter. Claro Advisors LLC now owns 5,138 shares of the company’s stock worth $1,156,000 after acquiring an additional 3,075 shares during the last quarter. Fifth Third Securities Inc. raised its stake in VanEck Semiconductor ETF by 1.3% during the first quarter. Fifth Third Securities Inc. now owns 45,583 shares of the company’s stock worth $10,256,000 after purchasing an additional 563 shares during the period. Mirador Capital Partners LP purchased a new position in VanEck Semiconductor ETF during the first quarter worth about $998,000. Dumont & Blake Investment Advisors LLC raised its stake in VanEck Semiconductor ETF by 23.1% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 7,876 shares of the company’s stock worth $1,772,000 after purchasing an additional 1,480 shares during the period. Finally, Fox Hill Wealth Management raised its stake in VanEck Semiconductor ETF by 1.6% during the first quarter. Fox Hill Wealth Management now owns 4,313 shares of the company’s stock worth $970,000 after purchasing an additional 66 shares during the period.

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.