Joseph Group Capital Management Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Joseph Group Capital Management purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 260 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its holdings in VanEck Semiconductor ETF by 7.2% in the 3rd quarter. FMR LLC now owns 19,264 shares of the company’s stock valued at $4,728,000 after purchasing an additional 1,297 shares during the period. Savant Capital LLC bought a new stake in VanEck Semiconductor ETF during the fourth quarter valued at $403,000. JPMorgan Chase & Co. grew its position in VanEck Semiconductor ETF by 48.2% during the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after buying an additional 424,042 shares in the last quarter. GAMMA Investing LLC increased its stake in VanEck Semiconductor ETF by 180.0% in the 4th quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock worth $85,000 after acquiring an additional 225 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of VanEck Semiconductor ETF by 31.5% in the 4th quarter. Bank of New York Mellon Corp now owns 25,916 shares of the company’s stock valued at $6,276,000 after acquiring an additional 6,215 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 2.6 %

Shares of NASDAQ SMH opened at $212.17 on Friday. The business has a 50-day moving average of $238.37 and a 200-day moving average of $244.05. The firm has a market capitalization of $20.09 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $198.44 and a 12 month high of $283.07.

VanEck Semiconductor ETF 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.