Founders Financial Securities LLC boosted its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 232.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,420 shares of the company’s stock after acquiring an additional 7,982 shares during the quarter. Founders Financial Securities LLC’s holdings in VanEck Semiconductor ETF were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMH. WealthCollab LLC acquired a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $28,000. Investment Counsel Co. of Nevada acquired a new stake in VanEck Semiconductor ETF during the 4th quarter worth approximately $35,000. Core Wealth Advisors LLC acquired a new stake in VanEck Semiconductor ETF during the 4th quarter worth approximately $36,000. Jessup Wealth Management Inc purchased a new position in VanEck Semiconductor ETF in the fourth quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co lifted its position in VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock valued at $43,000 after buying an additional 48 shares in the last quarter.
VanEck Semiconductor ETF Price Performance
SMH opened at $659.88 on Friday. VanEck Semiconductor ETF has a 52-week low of $257.12 and a 52-week high of $663.80. The company has a 50 day moving average of $551.49 and a two-hundred day moving average of $445.11. The company has a market cap of $76.67 billion, a P/E ratio of 34.83 and a beta of 1.72.
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.
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