Summit Financial LLC raised its holdings in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 2.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,486 shares of the company’s stock after acquiring an additional 1,412 shares during the period. Summit Financial LLC’s holdings in VanEck Semiconductor ETF were worth $26,104,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the business. Investment Counsel Co. of Nevada purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth about $35,000. Laurel Oak Wealth Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth about $1,144,000. FineMark National Bank & Trust increased its stake in shares of VanEck Semiconductor ETF by 29.6% in the fourth quarter. FineMark National Bank & Trust now owns 1,952 shares of the company’s stock worth $703,000 after purchasing an additional 446 shares in the last quarter. Advocate Investing Services LLC purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth about $101,000. Finally, Federation des caisses Desjardins du Quebec increased its stake in shares of VanEck Semiconductor ETF by 75.1% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 16,510 shares of the company’s stock worth $5,945,000 after purchasing an additional 7,079 shares in the last quarter.
VanEck Semiconductor ETF Stock Up 1.7%
SMH opened at $619.96 on Friday. The company has a market capitalization of $72.03 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. The firm has a 50-day moving average price of $527.42 and a 200-day moving average price of $434.76. VanEck Semiconductor ETF has a twelve month low of $256.05 and a twelve month high of $642.77.
VanEck Semiconductor ETF 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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