VanEck Semiconductor ETF $SMH Position Lifted by IFP Advisors Inc
by Mitch Edgeman · The Markets DailyIFP Advisors Inc raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 122.8% during the third quarter, Holdings Channel reports. The firm owned 17,203 shares of the company’s stock after buying an additional 9,480 shares during the period. IFP Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $10,477,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Schuylkill Financial LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $2,262,000. XML Financial LLC grew its holdings in shares of VanEck Semiconductor ETF by 4,002.7% in the 2nd quarter. XML Financial LLC now owns 27,693 shares of the company’s stock worth $18,164,000 after purchasing an additional 27,018 shares during the last quarter. Markowski Investments acquired a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $656,000. NWF Advisory Services Inc. increased its position in shares of VanEck Semiconductor ETF by 9.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 11,705 shares of the company’s stock worth $7,677,000 after purchasing an additional 986 shares in the last quarter. Finally, Valued Retirements Inc. bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at about $4,503,000.
VanEck Semiconductor ETF Stock Down 3.4%
Shares of SMH stock opened at $539.79 on Friday. The company has a market capitalization of $65.04 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The firm has a 50-day moving average price of $578.72 and a 200 day moving average price of $560.69.
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.
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