VanEck Semiconductor ETF $SMH Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC grew its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,330 shares of the company’s stock after purchasing an additional 2,641 shares during the period. Cornerstone Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $9,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of VanEck Semiconductor ETF by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock worth $10,921,000 after purchasing an additional 1,666 shares during the period. Flagstar Advisors Inc. increased its holdings in shares of VanEck Semiconductor ETF by 68.2% in the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after acquiring an additional 2,396 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $1,934,000. Element Wealth LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $515,000. Finally, Mezzasalma Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF by 67.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after acquiring an additional 6,130 shares during the period.

VanEck Semiconductor ETF Stock Up 1.0%

SMH stock opened at $578.34 on Friday. VanEck Semiconductor ETF has a fifty-two week low of $234.59 and a fifty-two week high of $581.17. The firm’s 50-day simple moving average is $443.76 and its 200 day simple moving average is $400.13. The stock has a market cap of $67.20 billion, a PE ratio of 34.83 and a beta of 1.70.

VanEck Semiconductor ETF 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.