Rollins Financial Advisors LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,120 shares of the company’s stock, valued at approximately $403,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after buying an additional 735,425 shares in the last quarter. Bank of Nova Scotia grew its position in shares of VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after buying an additional 752,097 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in shares of VanEck Semiconductor ETF by 0.4% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock worth $187,983,000 after buying an additional 2,500 shares in the last quarter. Meitav Investment House Ltd. grew its position in shares of VanEck Semiconductor ETF by 17.0% during the 3rd quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock worth $181,266,000 after buying an additional 80,957 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of VanEck Semiconductor ETF by 8.3% during the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after buying an additional 40,831 shares in the last quarter.
VanEck Semiconductor ETF Trading Down 2.6%
SMH opened at $561.25 on Wednesday. VanEck Semiconductor ETF has a 12-month low of $234.59 and a 12-month high of $578.06. The business’s fifty day simple moving average is $436.70 and its 200-day simple moving average is $396.92. The company has a market capitalization of $65.21 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70.
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.
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