VanEck Semiconductor ETF $SMH Shares Newly Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,545 shares of the company’s stock, valued at approximately $17,384,000. VanEck Semiconductor ETF accounts for approximately 1.2% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in SMH. Meitav Investment House Ltd. grew its stake in shares of VanEck Semiconductor ETF by 17.3% in the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after purchasing an additional 133,601 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of VanEck Semiconductor ETF by 107.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after buying an additional 295,000 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after buying an additional 16,810 shares during the period. Renaissance Technologies LLC bought a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth approximately $141,661,000. Finally, GoalVest Advisory LLC lifted its position in shares of VanEck Semiconductor ETF by 290,983.3% during the 3rd quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock worth $106,362,000 after buying an additional 174,590 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $557.98 on Wednesday. The stock’s fifty day simple moving average is $573.45 and its 200 day simple moving average is $515.72. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83.

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.