Penobscot Investment Management Company Inc. Has $8.04 Million Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Penobscot Investment Management Company Inc. lessened its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 33,185 shares of the company’s stock after selling 820 shares during the period. Penobscot Investment Management Company Inc.’s holdings in VanEck Semiconductor ETF were worth $8,036,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMH. Hartford Financial Management Inc. increased its position in shares of VanEck Semiconductor ETF by 61.9% during the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 39 shares in the last quarter. Mather Group LLC. increased its holdings in VanEck Semiconductor ETF by 320.0% during the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Ethos Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth approximately $28,000. Hemington Wealth Management lifted its holdings in shares of VanEck Semiconductor ETF by 50.6% in the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of VanEck Semiconductor ETF by 80.2% during the fourth quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $38,000 after buying an additional 69 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $229.65 on Wednesday. The company has a fifty day moving average price of $240.57 and a 200-day moving average price of $244.29. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35. VanEck Semiconductor ETF has a 1 year low of $198.44 and a 1 year high of $283.07.

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.