VanEck Semiconductor ETF (NASDAQ:SMH) Shares Acquired by Concentrum Wealth Management

Concentrum Wealth Management increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 32.7% in the 4th quarter, HoldingsChannel reports. The firm owned 9,615 shares of the company’s stock after purchasing an additional 2,367 shares during the period. VanEck Semiconductor ETF makes up 0.8% of Concentrum Wealth Management’s investment portfolio, making the stock its 21st biggest position. Concentrum Wealth Management’s holdings in VanEck Semiconductor ETF were worth $2,328,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Hartford Financial Management Inc. raised its holdings in shares of VanEck Semiconductor ETF by 61.9% in the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares in the last quarter. Mather Group LLC. raised its stake in VanEck Semiconductor ETF by 320.0% in the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth about $28,000. Hemington Wealth Management boosted its position in shares of VanEck Semiconductor ETF by 50.6% during the 4th quarter. Hemington Wealth Management now owns 131 shares of the company’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of VanEck Semiconductor ETF by 80.2% in the 4th quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 7.6 %

SMH stock opened at $180.80 on Monday. The business has a 50 day moving average price of $232.34 and a 200 day moving average price of $243.03. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 25.25 and a beta of 1.39. VanEck Semiconductor ETF has a fifty-two week low of $173.65 and a fifty-two week high of $283.07.

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.