Cornerstone Wealth Management LLC Buys 1,056 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Cornerstone Wealth Management LLC grew its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,940 shares of the company’s stock after acquiring an additional 1,056 shares during the period. Cornerstone Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,686,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SMH. Advance Capital Management Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the first quarter worth $216,000. Mutual Advisors LLC grew its stake in VanEck Semiconductor ETF by 12.1% during the fourth quarter. Mutual Advisors LLC now owns 3,867 shares of the company’s stock valued at $676,000 after acquiring an additional 417 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in VanEck Semiconductor ETF during the third quarter valued at $277,000. Pinnacle Associates Ltd. grew its stake in VanEck Semiconductor ETF by 2.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 5,866 shares of the company’s stock valued at $1,026,000 after acquiring an additional 130 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in VanEck Semiconductor ETF during the fourth quarter valued at $40,189,000.

VanEck Semiconductor ETF Trading Up 2.3 %

SMH traded up $5.99 during trading on Thursday, hitting $269.62. 4,526,576 shares of the company traded hands, compared to its average volume of 8,123,431. The company has a market cap of $22.78 billion, a PE ratio of 18.82 and a beta of 1.35. The stock’s 50-day simple moving average is $243.48 and its two-hundred day simple moving average is $215.85. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $279.57.

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.