VanEck Semiconductor ETF (NASDAQ:SMH) Sees Unusually-High Trading Volume – Still a Buy?

VanEck Semiconductor ETF (NASDAQ:SMH) saw strong trading volume on Monday . 3,401,091 shares traded 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 firm’s fifty day moving average price is $247.14 and its 200 day moving average price is $246.44. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

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

Institutional Trading of VanEck Semiconductor ETF

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in VanEck Semiconductor ETF during the 4th quarter worth approximately $1,032,000. Advance Capital Management Inc. boosted its holdings in VanEck Semiconductor ETF by 31.6% in the fourth quarter. Advance Capital Management Inc. now owns 1,186 shares of the company’s stock valued at $287,000 after purchasing an additional 285 shares during the period. Kozak & Associates Inc. increased its holdings in VanEck Semiconductor ETF by 39.9% during the 4th quarter. Kozak & Associates Inc. now owns 69,776 shares of the company’s stock worth $17,575,000 after purchasing an additional 19,894 shares during the period. Modus Advisors LLC acquired a new stake in VanEck Semiconductor ETF in the 4th quarter valued at about $160,000. Finally, GAMMA Investing LLC raised its position in VanEck Semiconductor ETF by 180.0% in the 4th quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock valued at $85,000 after purchasing an additional 225 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.