Lane Brothers & Co. Inc. Takes $536,000 Position in VanEck Semiconductor ETF $SMH

Lane Brothers & Co. Inc. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,488 shares of the company’s stock, valued at approximately $536,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Flagstar Advisors Inc. boosted its position in 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 purchasing an additional 2,396 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in VanEck Semiconductor ETF in the third quarter valued at approximately $1,934,000. Apollon Wealth Management LLC increased its position in shares of VanEck Semiconductor ETF by 2.9% in the fourth quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after buying an additional 1,356 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of VanEck Semiconductor ETF by 58.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock valued at $11,697,000 after buying an additional 11,973 shares in the last quarter. Finally, Mezzasalma Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 67.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock valued at $5,459,000 after buying an additional 6,130 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $659.88 on Friday. VanEck Semiconductor ETF has a 1-year low of $257.12 and a 1-year high of $663.80. The company has a market cap of $76.67 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. The stock has a 50 day simple moving average of $551.49 and a 200-day simple moving average of $445.11.

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.