Rhodes Investment Advisors Inc. ADV Makes New Investment in VanEck Semiconductor ETF $SMH

Rhodes Investment Advisors Inc. ADV bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,148 shares of the company’s stock, valued at approximately $699,000.

A number of other large investors have also made changes to their positions in the stock. Meitav Investment House Ltd. boosted its holdings in VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after buying an additional 133,601 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of VanEck Semiconductor ETF by 906.5% during the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after acquiring an additional 671,673 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after acquiring an additional 295,000 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of VanEck Semiconductor ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after acquiring an additional 16,810 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in VanEck Semiconductor ETF in the 1st quarter valued at approximately $141,661,000.

VanEck Semiconductor ETF Price Performance

SMH traded down $7.47 during trading on Wednesday, reaching $625.03. 7,100,572 shares of the stock were exchanged, compared to its average volume of 9,273,646. The company has a market capitalization of $76.62 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83. The business’s 50 day moving average price is $576.15 and its two-hundred day moving average price is $552.47.

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.