RiverFront Investment Group LLC Buys 285,117 Shares of VanEck Semiconductor ETF $SMH

RiverFront Investment Group LLC grew its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 249.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 399,345 shares of the company’s stock after acquiring an additional 285,117 shares during the period. VanEck Semiconductor ETF makes up approximately 2.4% of RiverFront Investment Group LLC’s portfolio, making the stock its 13th biggest position. RiverFront Investment Group LLC’s holdings in VanEck Semiconductor ETF were worth $143,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMH. WealthCollab LLC bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth $28,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF during the third quarter worth $31,000. Root Financial Partners LLC bought a new stake in shares of VanEck Semiconductor ETF during the third quarter worth $39,000. CENTRAL TRUST Co grew its stake in shares of VanEck Semiconductor ETF by 66.7% in the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in VanEck Semiconductor ETF in the third quarter valued at $44,000.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $556.34 on Monday. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a twelve month low of $234.59 and a twelve month high of $581.17. The stock has a fifty day simple moving average of $446.91 and a 200 day simple moving average of $401.51.

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.