SilverOak Wealth Management LLC Purchases New Stake in VanEck Semiconductor ETF $SMH

SilverOak Wealth Management LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 998 shares of the company’s stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMH. Allied Private Wealth LLC purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth $26,000. MassMutual Private Wealth & Trust FSB bought a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at $30,000. Kings Path Partners LLC bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $30,000. Timbuktu Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth $33,000. Finally, Resources Management Corp CT ADV purchased a new stake in shares of VanEck Semiconductor ETF in the 1st quarter worth $38,000.

VanEck Semiconductor ETF Trading Down 2.7%

SMH opened at $508.31 on Tuesday. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The business’s fifty day simple moving average is $571.57 and its 200-day simple moving average is $518.77. The company has a market capitalization of $65.08 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

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.