Truist Financial Corp Buys 10,259 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Truist Financial Corp increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 45.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,945 shares of the company’s stock after acquiring an additional 10,259 shares during the quarter. Truist Financial Corp’s holdings in VanEck Semiconductor ETF were worth $5,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Macroview Investment Management LLC grew its position in shares of VanEck Semiconductor ETF by 245.2% in the 4th quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $25,000. FinTrust Capital Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 363.2% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 176 shares of the company’s stock worth $26,000 after buying an additional 138 shares during the last quarter. Baker Avenue Asset Management LP boosted its position in shares of VanEck Semiconductor ETF by 100.8% during the third quarter. Baker Avenue Asset Management LP now owns 256 shares of the company’s stock valued at $37,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in VanEck Semiconductor ETF by 250.0% in the third quarter. Banque Cantonale Vaudoise now owns 280 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the period.

VanEck Semiconductor ETF Trading Up 2.7 %

SMH opened at $217.73 on Friday. VanEck Semiconductor ETF has a 12-month low of $120.93 and a 12-month high of $239.14. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 17.70 and a beta of 1.35. The stock has a fifty day simple moving average of $219.05 and a two-hundred day simple moving average of $187.65.

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.