Gateway Wealth Partners LLC boosted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 99.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,727 shares of the company’s stock after acquiring an additional 2,856 shares during the quarter. Gateway Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $2,196,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Apollon Wealth Management LLC lifted its stake in VanEck Semiconductor ETF by 2.9% in the fourth quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after acquiring an additional 1,356 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in VanEck Semiconductor ETF by 58.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock valued at $11,697,000 after acquiring an additional 11,973 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in VanEck Semiconductor ETF by 72.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock valued at $145,296,000 after buying an additional 169,737 shares during the last quarter. Cane Capital Partners LLC acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth $877,000. Finally, Allspring Global Investments Holdings LLC grew its position in VanEck Semiconductor ETF by 128.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock worth $3,177,000 after purchasing an additional 4,778 shares during the last quarter.
VanEck Semiconductor ETF Price Performance
NASDAQ SMH opened at $548.55 on Tuesday. The company’s fifty day moving average is $600.83 and its two-hundred day moving average is $488.94. VanEck Semiconductor ETF has a 52-week low of $279.19 and a 52-week high of $671.83. The firm has a market capitalization of $66.12 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71.
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.
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