IFP Advisors Inc Purchases 1,229 Shares of VanEck Semiconductor ETF $SMH

IFP Advisors Inc grew its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,778 shares of the company’s stock after acquiring an additional 1,229 shares during the period. IFP Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $3,881,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of VanEck Semiconductor ETF by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock worth $10,921,000 after acquiring an additional 1,666 shares during the last quarter. Flagstar Advisors Inc. boosted its position in shares of VanEck Semiconductor ETF by 68.2% during the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after acquiring an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of VanEck Semiconductor ETF during the third quarter worth $1,934,000. Assetmark Inc. boosted its position in shares of VanEck Semiconductor ETF by 24.9% during the fourth quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after acquiring an additional 12,467 shares during the last quarter. Finally, Mezzasalma Advisors LLC boosted its position in shares of VanEck Semiconductor ETF by 67.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after acquiring an additional 6,130 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $567.88 on Friday. The firm has a fifty day moving average price of $460.01 and a 200 day moving average price of $406.89. VanEck Semiconductor ETF has a fifty-two week low of $234.59 and a fifty-two week high of $581.17. The firm has a market cap of $65.98 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70.

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.