Jackson Wealth Management LLC lifted its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 86.0% during the third quarter, HoldingsChannel reports. The fund owned 23,862 shares of the company’s stock after purchasing an additional 11,034 shares during the quarter. Jackson Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $5,857,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of SMH. Mendota Financial Group LLC acquired a new position in VanEck Semiconductor ETF during the third quarter worth $25,000. Chilton Capital Management LLC acquired a new position in VanEck Semiconductor ETF during the second quarter worth $26,000. Innealta Capital LLC bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $28,000. TD Capital Management LLC bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $29,000. Finally, Pineridge Advisors LLC boosted its holdings in VanEck Semiconductor ETF by 294.1% during the first quarter. Pineridge Advisors LLC now owns 134 shares of the company’s stock valued at $30,000 after acquiring an additional 100 shares during the period.
VanEck Semiconductor ETF Stock Up 0.4 %
SMH stock traded up $0.92 during mid-day trading on Thursday, reaching $249.93. 1,065,055 shares of the stock traded hands, compared to its average volume of 8,157,150. The business has a 50-day moving average of $242.54 and a two-hundred day moving average of $241.27. VanEck Semiconductor ETF has a 52 week low of $136.10 and a 52 week high of $283.07. The firm has a market capitalization of $24.74 billion, a PE ratio of 18.82 and a beta of 1.35.
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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