Kane Investment Management Inc. Takes $518,000 Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Kane Investment Management Inc. acquired a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,139 shares of the company’s stock, valued at approximately $518,000.

Other hedge funds have also recently made changes to their positions in the company. Hartford Financial Management Inc. raised its stake in VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the last quarter. Mather Group LLC. grew its holdings in shares of VanEck Semiconductor ETF by 320.0% in the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after acquiring an additional 80 shares during the period. Ethos Financial Group LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter valued at $28,000. Hemington Wealth Management lifted its holdings in VanEck Semiconductor ETF by 50.6% in the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after acquiring an additional 44 shares during the period. Finally, Fifth Third Bancorp boosted its position in VanEck Semiconductor ETF by 80.2% in the fourth quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock worth $38,000 after purchasing an additional 69 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 0.1 %

VanEck Semiconductor ETF stock opened at $201.61 on Tuesday. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $283.07. The company has a market cap of $18.21 billion, a P/E ratio of 25.25 and a beta of 1.35. The business has a 50-day simple moving average of $225.01 and a two-hundred day simple moving average of $240.34.

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.