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VanEck Semiconductor ETF (NASDAQ:SMH) Shares Set to Split on Thursday, May 4th

Financial News Live ·  Apr 30, 2023 13:22

VanEck Semiconductor ETF (NASDAQ:SMH – Get Rating)'s stock is set to split on the morning of Thursday, May 4th. The 2-1 split was announced on Friday, April 14th. The newly issued shares will be issued to shareholders after the market closes on Wednesday, May 3rd.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $247.25 on Friday. The firm has a 50-day moving average of $253.38 and a 200-day moving average of $245.60. VanEck Semiconductor ETF has a one year low of $166.97 and a one year high of $263.57. The company has a market cap of $7.36 billion, a PE ratio of 17.19 and a beta of 1.35.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fort Point Capital Partners LLC boosted its holdings in shares of VanEck Semiconductor ETF by 3.5% during the 1st quarter. Fort Point Capital Partners LLC now owns 1,358 shares of the company's stock worth $366,000 after buying an additional 46 shares during the period. E&G Advisors LP boosted its holdings in VanEck Semiconductor ETF by 3.8% in the 4th quarter. E&G Advisors LP now owns 1,409 shares of the company's stock valued at $286,000 after purchasing an additional 52 shares during the period. Captrust Financial Advisors boosted its holdings in VanEck Semiconductor ETF by 21.2% in the 2nd quarter. Captrust Financial Advisors now owns 309 shares of the company's stock valued at $63,000 after purchasing an additional 54 shares during the period. Equitable Holdings Inc. boosted its holdings in VanEck Semiconductor ETF by 1.0% in the 4th quarter. Equitable Holdings Inc. now owns 5,651 shares of the company's stock valued at $1,147,000 after purchasing an additional 54 shares during the period. Finally, Tsfg LLC boosted its holdings in VanEck Semiconductor ETF by 2.5% in the 4th quarter. Tsfg LLC now owns 2,370 shares of the company's stock valued at $481,000 after purchasing an additional 58 shares during the period.

About VanEck Semiconductor ETF

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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.

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