Grantvest Financial Group LLC Acquires New Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Grantvest Financial Group LLC bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, HoldingsChannel.com reports. The fund bought 5,573 shares of the company’s stock, valued at approximately $1,350,000. VanEck Semiconductor ETF makes up approximately 1.5% of Grantvest Financial Group LLC’s investment portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Simplex Trading LLC bought a new stake in VanEck Semiconductor ETF in the fourth quarter valued at approximately $10,152,000. Mosley Wealth Management raised its stake in shares of VanEck Semiconductor ETF by 21.7% during the fourth quarter. Mosley Wealth Management now owns 3,893 shares of the company’s stock valued at $933,000 after acquiring an additional 693 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at about $1,003,000. Kiker Wealth Management LLC bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth about $65,000. Finally, Absolute Capital Management LLC increased its holdings in VanEck Semiconductor ETF by 5.0% during the 4th quarter. Absolute Capital Management LLC now owns 41,626 shares of the company’s stock valued at $10,081,000 after purchasing an additional 2,001 shares during the period.

VanEck Semiconductor ETF Price Performance

SMH opened at $224.77 on Monday. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $198.44 and a one year high of $283.07. The business has a 50 day simple moving average of $241.16 and a two-hundred day simple moving average of $244.14.

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.