VanEck Semiconductor ETF $SMH Shares Newly Purchased by WestEnd Advisors LLC

WestEnd Advisors LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, HoldingsChannel reports. The institutional investor bought 7,656 shares of the company’s stock, valued at approximately $4,663,000.

Several other hedge funds and other institutional investors have also modified their holdings of SMH. Allied Private Wealth LLC acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of VanEck Semiconductor ETF during the second quarter worth approximately $30,000. Timbuktu Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $33,000. Kings Path Partners LLC acquired a new position in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $30,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $39,000.

VanEck Semiconductor ETF Trading Up 3.0%

Shares of NASDAQ SMH opened at $557.98 on Wednesday. The firm has a market cap of $70.50 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83. The business’s 50 day moving average is $573.45 and its 200-day moving average is $515.72.

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.