Kovack Advisors Inc. Has $675,000 Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Kovack Advisors Inc. boosted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 27.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,751 shares of the company’s stock after purchasing an additional 596 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of VanEck Semiconductor ETF by 8.9% during the third quarter. Oppenheimer & Co. Inc. now owns 24,274 shares of the company’s stock worth $5,958,000 after buying an additional 1,982 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new stake in VanEck Semiconductor ETF during the 3rd quarter worth $47,000. Empower Advisory Group LLC raised its position in shares of VanEck Semiconductor ETF by 6.1% during the 3rd quarter. Empower Advisory Group LLC now owns 849 shares of the company’s stock valued at $208,000 after acquiring an additional 49 shares during the last quarter. First Heartland Consultants Inc. lifted its stake in shares of VanEck Semiconductor ETF by 48.8% in the 3rd quarter. First Heartland Consultants Inc. now owns 4,331 shares of the company’s stock valued at $1,063,000 after purchasing an additional 1,420 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of VanEck Semiconductor ETF by 4.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,011 shares of the company’s stock worth $248,000 after purchasing an additional 42 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 1.7 %

Shares of VanEck Semiconductor ETF stock opened at $247.63 on Thursday. VanEck Semiconductor ETF has a 12 month low of $156.56 and a 12 month high of $283.07. The business has a fifty day simple moving average of $244.72 and a 200 day simple moving average of $245.07. The stock has a market cap of $24.54 billion, a PE ratio of 18.82 and a beta of 1.35.

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.