Absolute Capital Management LLC Buys 2,001 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Absolute Capital Management LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 5.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,626 shares of the company’s stock after purchasing an additional 2,001 shares during the quarter. VanEck Semiconductor ETF comprises about 5.6% of Absolute Capital Management LLC’s investment portfolio, making the stock its biggest position. Absolute Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $10,081,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SMH. Hartford Financial Management Inc. lifted its position in VanEck Semiconductor ETF by 61.9% in the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the last quarter. Mather Group LLC. lifted its position in shares of VanEck Semiconductor ETF by 320.0% during the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Semiconductor ETF during the third quarter worth about $29,000. Finally, Hemington Wealth Management lifted its position in shares of VanEck Semiconductor ETF by 50.6% during the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH opened at $227.05 on Friday. The stock has a market capitalization of $21.50 billion, a PE ratio of 31.46 and a beta of 1.35. VanEck Semiconductor ETF has a 1 year low of $198.44 and a 1 year high of $283.07. The company’s 50-day simple moving average is $241.61 and its 200-day simple moving average is $244.00.

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.