Kingdom Financial Group LLC. Invests $1.01 Million in VanEck Semiconductor ETF $SMH

Kingdom Financial Group LLC. bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,801 shares of the company’s stock, valued at approximately $1,009,000.

A number of other hedge funds have also modified their holdings of SMH. Bank of Nova Scotia grew its position in shares of VanEck Semiconductor ETF by 24,986.6% during the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after acquiring an additional 752,097 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after acquiring an additional 735,425 shares during the last quarter. Capital Markets Trading UK LLP grew its position in shares of VanEck Semiconductor ETF by 100.7% during the third quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock worth $1,410,000 after acquiring an additional 617,050 shares during the last quarter. RiverFront Investment Group LLC grew its position in shares of VanEck Semiconductor ETF by 249.6% during the fourth quarter. RiverFront Investment Group LLC now owns 399,345 shares of the company’s stock worth $143,816,000 after acquiring an additional 285,117 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 104.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 10,908 shares of the company’s stock worth $3,560,000 after acquiring an additional 247,500 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 0.6%

Shares of SMH opened at $567.88 on Friday. The firm has a market cap of $65.98 billion, a PE ratio of 34.83 and a beta of 1.70. The company’s 50 day simple moving average is $460.01 and its 200-day simple moving average is $406.89. VanEck Semiconductor ETF has a 12-month low of $234.59 and a 12-month high of $581.17.

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.