Financial Advocates Investment Management lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 22.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,853 shares of the company’s stock after acquiring an additional 2,928 shares during the quarter. Financial Advocates Investment Management’s holdings in VanEck Semiconductor ETF were worth $3,781,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mendota Financial Group LLC bought a new position in VanEck Semiconductor ETF in the third quarter worth about $25,000. Chilton Capital Management LLC bought a new position in VanEck Semiconductor ETF in the second quarter worth about $26,000. Innealta Capital LLC purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $28,000. Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF during the third quarter worth about $28,000. Finally, TD Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $29,000.
VanEck Semiconductor ETF Stock Performance
Shares of SMH stock opened at $250.68 on Thursday. VanEck Semiconductor ETF has a fifty-two week low of $136.10 and a fifty-two week high of $283.07. The firm has a market capitalization of $24.78 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The stock’s 50-day simple moving average is $242.91 and its 200-day simple moving average is $242.28.
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.
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