VanEck Semiconductor ETF (NASDAQ:SMH) Trading Down 2.4%

VanEck Semiconductor ETF (NASDAQ:SMH)’s share price traded down 2.4% during trading on Monday . The company traded as low as $242.25 and last traded at $242.38. 1,669,889 shares were traded during mid-day trading, a decline of 80% from the average session volume of 8,478,397 shares. The stock had previously closed at $248.39.

VanEck Semiconductor ETF Price Performance

The company has a 50-day moving average of $251.86 and a two-hundred day moving average of $233.77. The company has a market capitalization of $21.82 billion, a PE ratio of 18.82 and a beta of 1.35.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMH. SG Americas Securities LLC increased its stake in VanEck Semiconductor ETF by 101.1% in the 2nd quarter. SG Americas Securities LLC now owns 13,898 shares of the company’s stock worth $3,623,000 after buying an additional 1,270,998 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of VanEck Semiconductor ETF by 20.9% in the first quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock worth $1,360,049,000 after acquiring an additional 1,045,570 shares during the period. Saudi Central Bank purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth about $105,273,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in VanEck Semiconductor ETF by 109.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock valued at $246,144,000 after purchasing an additional 494,164 shares during the period. Finally, Liberty Wealth Management LLC lifted its holdings in VanEck Semiconductor ETF by 24,432.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 438,641 shares of the company’s stock worth $114,354,000 after purchasing an additional 436,853 shares in the last quarter.

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.