Ascent Advisors LLC Acquires New Shares in VanEck Semiconductor ETF $SMH

Ascent Advisors LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, Holdings Channel reports. The institutional investor bought 4,620 shares of the company’s stock, valued at approximately $1,771,000. VanEck Semiconductor ETF accounts for approximately 2.8% of Ascent Advisors LLC’s holdings, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagstar Advisors Inc. lifted its stake in VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after acquiring an additional 2,396 shares during the last quarter. Apollon Wealth Management LLC grew its position 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 worth $17,278,000 after acquiring an additional 1,356 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of VanEck Semiconductor ETF by 72.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock worth $145,296,000 after purchasing an additional 169,737 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after purchasing an additional 11,973 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of VanEck Semiconductor ETF by 128.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after purchasing an additional 4,778 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 2.0%

VanEck Semiconductor ETF stock opened at $593.00 on Thursday. VanEck Semiconductor ETF has a 1-year low of $279.19 and a 1-year high of $671.83. The firm’s fifty day simple moving average is $591.36 and its 200-day simple moving average is $469.36. The company has a market capitalization of $70.09 billion, a P/E ratio of 34.83 and a beta of 1.71.

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.