Janney Montgomery Scott LLC Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Janney Montgomery Scott LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 74,396 shares of the company’s stock, valued at approximately $18,261,000. Janney Montgomery Scott LLC owned 0.08% of VanEck Semiconductor ETF as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Clear Creek Financial Management LLC boosted its position in shares of VanEck Semiconductor ETF by 35.0% during the third quarter. Clear Creek Financial Management LLC now owns 8,124 shares of the company’s stock worth $1,994,000 after buying an additional 2,105 shares during the period. Greenwich Wealth Management LLC boosted its position in VanEck Semiconductor ETF by 2.7% during the 3rd quarter. Greenwich Wealth Management LLC now owns 5,243 shares of the company’s stock worth $1,287,000 after acquiring an additional 137 shares during the last quarter. Financial Freedom LLC grew its stake in shares of VanEck Semiconductor ETF by 46.1% during the 3rd quarter. Financial Freedom LLC now owns 18,897 shares of the company’s stock worth $4,638,000 after acquiring an additional 5,964 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF by 21.8% in the third quarter. Farther Finance Advisors LLC now owns 3,426 shares of the company’s stock valued at $841,000 after purchasing an additional 614 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its position in shares of VanEck Semiconductor ETF by 142.7% in the third quarter. Gladstone Institutional Advisory LLC now owns 13,850 shares of the company’s stock worth $3,400,000 after purchasing an additional 8,144 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 1.7 %

Shares of SMH opened at $248.31 on Wednesday. The stock has a market capitalization of $24.61 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $148.29 and a 12 month high of $283.07. The firm has a fifty day simple moving average of $242.92 and a 200 day simple moving average of $243.43.

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.