VanEck Semiconductor ETF (NASDAQ:SMH) Sees Strong Trading Volume – What’s Next?

VanEck Semiconductor ETF (NASDAQ:SMH) saw unusually-strong trading volume on Monday . Approximately 3,401,091 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 3,993,066 shares.The stock last traded at $262.47 and had previously closed at $251.88.

VanEck Semiconductor ETF Trading Down 0.7 %

The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm’s 50-day moving average is $247.14 and its two-hundred day moving average is $246.44.

VanEck Semiconductor ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were given a dividend of $1.0713 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in VanEck Semiconductor ETF by 871.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 23,439 shares of the company’s stock valued at $6,111,000 after purchasing an additional 21,027 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in VanEck Semiconductor ETF in the second quarter worth approximately $102,000. Choreo LLC increased its stake in VanEck Semiconductor ETF by 46.7% during the second quarter. Choreo LLC now owns 7,177 shares of the company’s stock worth $1,873,000 after acquiring an additional 2,286 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $11,137,000. Finally, LPL Financial LLC grew its holdings in shares of VanEck Semiconductor ETF by 20.9% during the 2nd quarter. LPL Financial LLC now owns 1,629,628 shares of the company’s stock worth $424,844,000 after purchasing an additional 281,252 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.