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

VanEck Semiconductor ETF (NASDAQ:SMH – Get Rating) dropped 1.5% during trading on Wednesday . The stock traded as low as $127.95 and last traded at $129.34. Approximately 7,447,347 shares changed hands during trading, a decline of 0% from the average daily volume of 7,473,407 shares. The stock had previously closed at $131.27.

VanEck Semiconductor ETF Stock Up 4.9 %

The firm’s 50 day simple moving average is $137.99 and its 200 day simple moving average is $128.99. The company has a market capitalization of $8.49 billion, a PE ratio of 17.19 and a beta of 1.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SMH. Harbor Investment Advisory LLC bought a new stake in VanEck Semiconductor ETF in the first quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in VanEck Semiconductor ETF in the first quarter worth about $26,000. Bessemer Group Inc. bought a new stake in VanEck Semiconductor ETF in the first quarter worth about $26,000. Phocas Financial Corp. purchased a new stake in VanEck Semiconductor ETF in the fourth quarter worth $27,000. Finally, Covestor Ltd purchased a new stake in VanEck Semiconductor ETF in the first quarter worth $27,000.

VanEck Semiconductor ETF Company Profile

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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.