Founders Financial Securities LLC Boosts Stake in VanEck Semiconductor ETF $SMH

Founders Financial Securities LLC raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 232.2% in the first quarter, Holdings Channel.com reports. The firm owned 11,420 shares of the company’s stock after buying an additional 7,982 shares during the period. Founders Financial Securities LLC’s holdings in VanEck Semiconductor ETF were worth $4,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMH. Flagstar Advisors Inc. boosted its stake in VanEck Semiconductor ETF by 68.2% during the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after acquiring an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $1,934,000. Apollon Wealth Management LLC increased its position in shares of VanEck Semiconductor ETF by 2.9% in the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock worth $17,278,000 after purchasing an additional 1,356 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of VanEck Semiconductor ETF by 58.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after purchasing an additional 11,973 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of VanEck Semiconductor ETF by 128.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after purchasing an additional 4,778 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $659.88 on Friday. VanEck Semiconductor ETF has a one year low of $257.12 and a one year high of $663.80. The company’s 50-day simple moving average is $551.49 and its 200-day simple moving average is $445.11. The stock has a market capitalization of $76.67 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72.

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.