VanEck Semiconductor ETF (NASDAQ:SMH) Shares Gap Up – Time to Buy?

VanEck Semiconductor ETF (NASDAQ:SMH)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $247.32, but opened at $255.40. VanEck Semiconductor ETF shares last traded at $254.94, with a volume of 1,453,859 shares changing hands.

VanEck Semiconductor ETF Stock Performance

The firm’s 50 day simple moving average is $240.39 and its 200-day simple moving average is $240.32. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

Institutional Trading of VanEck Semiconductor ETF

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased 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 last quarter. LPL Financial LLC boosted its holdings in VanEck Semiconductor ETF by 20.9% in the second 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in VanEck Semiconductor ETF by 46.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after purchasing an additional 514,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in VanEck Semiconductor ETF by 109.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after purchasing an additional 494,164 shares in the last quarter. Finally, Main Management ETF Advisors LLC boosted its holdings in VanEck Semiconductor ETF by 2.6% in the second quarter. Main Management ETF Advisors LLC now owns 689,520 shares of the company’s stock worth $179,758,000 after purchasing an additional 17,340 shares in the last quarter.

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.