Gateway Wealth Partners LLC Purchases 2,856 Shares of VanEck Semiconductor ETF $SMH

Gateway Wealth Partners LLC increased its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 99.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,727 shares of the company’s stock after acquiring an additional 2,856 shares during the quarter. Gateway Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $2,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its holdings in shares of VanEck Semiconductor ETF by 2.9% during the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after purchasing an additional 1,356 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after buying an additional 11,973 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in VanEck Semiconductor ETF by 72.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock valued at $145,296,000 after buying an additional 169,737 shares in the last quarter. Cane Capital Partners LLC acquired a new position in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $877,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of VanEck Semiconductor ETF by 128.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after buying an additional 4,778 shares during the period.

VanEck Semiconductor ETF Stock Down 2.3%

Shares of NASDAQ:SMH opened at $548.55 on Tuesday. VanEck Semiconductor ETF has a 12 month low of $279.19 and a 12 month high of $671.83. The company’s fifty day simple moving average is $600.83 and its 200 day simple moving average is $488.94. The firm has a market cap of $66.12 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71.

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.