Kane Investment Management Inc. increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,689 shares of the company’s stock after buying an additional 1,076 shares during the period. Kane Investment Management Inc.’s holdings in VanEck Semiconductor ETF were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in SMH. WealthCollab LLC acquired a new position in VanEck Semiconductor ETF during the fourth quarter worth $28,000. Investment Counsel Co. of Nevada acquired a new position in VanEck Semiconductor ETF during the fourth quarter worth $35,000. Core Wealth Advisors LLC acquired a new position in VanEck Semiconductor ETF during the fourth quarter worth $36,000. Jessup Wealth Management Inc acquired a new position in VanEck Semiconductor ETF during the fourth quarter worth $40,000. Finally, CENTRAL TRUST Co increased its holdings in VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after buying an additional 48 shares during the last quarter.
VanEck Semiconductor ETF Trading Up 1.7%
Shares of SMH opened at $619.96 on Friday. The company has a market cap of $72.03 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a 1-year low of $256.05 and a 1-year high of $642.77. The company’s fifty day simple moving average is $527.42 and its 200 day simple moving average is $434.76.
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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