GRIMES & Co WEALTH MANAGEMENT LLC Makes New $719,000 Investment in VanEck Semiconductor ETF $SMH

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, HoldingsChannel reports. The firm purchased 1,180 shares of the company’s stock, valued at approximately $719,000.

Several other hedge funds have also modified their holdings of SMH. Kaydan Wealth Management Inc. boosted its position in VanEck Semiconductor ETF by 3.6% during the third quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock worth $317,000 after purchasing an additional 18 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of VanEck Semiconductor ETF by 0.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after buying an additional 21 shares in the last quarter. Lantern Wealth Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 2.1% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after buying an additional 21 shares during the period. JSF Financial LLC raised its stake in shares of VanEck Semiconductor ETF by 2.7% during the 1st quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock worth $411,000 after buying an additional 28 shares during the period. Finally, Leigh Baldwin & CO. LLC raised its stake in shares of VanEck Semiconductor ETF by 2.1% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 1,455 shares of the company’s stock worth $558,000 after buying an additional 30 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $504.27 on Thursday. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83. The firm has a market capitalization of $64.57 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The business’s 50 day moving average price is $569.98 and its 200-day moving average price is $519.96.

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.