Madrona Financial Services LLC bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,582 shares of the company’s stock, valued at approximately $14,362,000. VanEck Semiconductor ETF accounts for 2.2% of Madrona Financial Services LLC’s investment portfolio, making the stock its 17th largest holding.
Other large investors have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $638,000. Lantern Wealth Advisors LLC grew its holdings in shares of VanEck Semiconductor ETF by 2.1% during the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after buying an additional 21 shares in the last quarter. Altura Wealth Advisors Inc. grew its holdings in shares of VanEck Semiconductor ETF by 9.1% during the third quarter. Altura Wealth Advisors Inc. now owns 5,614 shares of the company’s stock worth $3,419,000 after buying an additional 467 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $61,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in VanEck Semiconductor ETF in the 3rd quarter valued at approximately $46,000.
VanEck Semiconductor ETF Stock Performance
Shares of VanEck Semiconductor ETF stock opened at $527.20 on Friday. The business’s 50 day simple moving average is $574.68 and its 200 day simple moving average is $566.15. VanEck Semiconductor ETF has a 52-week low of $315.05 and a 52-week high of $671.83. The firm has a market cap of $65.71 billion, a PE ratio of 34.83 and a beta of 1.73.
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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