Evolution Wealth Advisors LLC Purchases 305 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Evolution Wealth Advisors LLC lifted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 18.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,940 shares of the company’s stock after buying an additional 305 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $476,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SMH. Mendota Financial Group LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter worth $25,000. Chilton Capital Management LLC purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter worth $26,000. Innealta Capital LLC bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $28,000. Finally, TD Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the second quarter valued at about $29,000.

VanEck Semiconductor ETF Trading Down 3.3 %

NASDAQ:SMH opened at $239.95 on Friday. The business’s 50-day moving average is $246.15 and its 200 day moving average is $245.26. VanEck Semiconductor ETF has a 12 month low of $156.56 and a 12 month high of $283.07. The company has a market capitalization of $23.78 billion, a P/E ratio of 18.82 and a beta of 1.35.

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.