Horizon Wealth Management LLC Raises Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Horizon Wealth Management LLC lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 28.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,124 shares of the company’s stock after buying an additional 16,036 shares during the quarter. VanEck Semiconductor ETF makes up 3.6% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. Horizon Wealth Management LLC owned approximately 0.07% of VanEck Semiconductor ETF worth $17,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $26,000. Mendota Financial Group LLC purchased a new position in VanEck Semiconductor ETF during the third quarter worth $25,000. Innealta Capital LLC purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth about $28,000. TD Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $29,000. Finally, Olistico Wealth LLC acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at $31,000.

VanEck Semiconductor ETF Trading Up 0.1 %

Shares of NASDAQ:SMH opened at $247.32 on Thursday. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $136.10 and a 12-month high of $283.07. The stock’s 50-day moving average price is $240.39 and its two-hundred day moving average price is $240.32.

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.