VanEck Semiconductor ETF (NASDAQ:SMH) Shares Bought by Synovus Financial Corp

Synovus Financial Corp grew its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 234.4% in the third quarter, HoldingsChannel reports. The fund owned 7,458 shares of the company’s stock after acquiring an additional 5,228 shares during the quarter. Synovus Financial Corp’s holdings in VanEck Semiconductor ETF were worth $1,830,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mendota Financial Group LLC purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new position in VanEck Semiconductor ETF during the second quarter worth $26,000. Innealta Capital LLC purchased a new position in VanEck Semiconductor ETF during the second quarter valued at $28,000. Financial Management Professionals Inc. acquired a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at about $28,000. Finally, TD Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $29,000.

VanEck Semiconductor ETF Stock Up 2.5 %

SMH opened at $249.49 on Monday. The company has a market cap of $24.72 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $163.97 and a twelve month high of $283.07. The company has a 50-day moving average price of $248.60 and a 200 day moving average price of $247.70.

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.