RiverFront Investment Group LLC Acquires 285,117 Shares of VanEck Semiconductor ETF $SMH

RiverFront Investment Group LLC lifted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 249.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 399,345 shares of the company’s stock after acquiring an additional 285,117 shares during the period. VanEck Semiconductor ETF makes up about 2.4% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 13th biggest position. RiverFront Investment Group LLC owned 0.37% of VanEck Semiconductor ETF worth $143,816,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of VanEck Semiconductor ETF by 5.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after purchasing an additional 1,666 shares during the last quarter. Flagstar Advisors Inc. increased its stake in shares of VanEck Semiconductor ETF by 68.2% in the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after purchasing an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $1,934,000. Element Wealth LLC bought a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $515,000. Finally, Mezzasalma Advisors LLC increased its stake in shares of VanEck Semiconductor ETF by 67.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock valued at $5,459,000 after purchasing an additional 6,130 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH opened at $556.34 on Monday. VanEck Semiconductor ETF has a 52-week low of $234.59 and a 52-week high of $581.17. The business’s fifty day moving average is $446.91 and its 200-day moving average is $401.51. The firm has a market cap of $64.64 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70.

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.