Horizon Wealth Management LLC grew its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 579.0% during the third quarter, Holdings Channel reports. The institutional investor owned 31,466 shares of the company’s stock after acquiring an additional 26,832 shares during the quarter. VanEck Semiconductor ETF comprises 2.4% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Horizon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $19,163,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Telos Capital Management Inc. purchased a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $3,797,000. Quadcap Wealth Management LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth $206,000. Platform Technology Partners boosted its holdings in VanEck Semiconductor ETF by 3.6% in the third quarter. Platform Technology Partners now owns 1,056 shares of the company’s stock worth $643,000 after acquiring an additional 37 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter worth approximately $120,762,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $73,000.
VanEck Semiconductor ETF Trading Down 11.5%
Shares of NASDAQ:SMH opened at $446.05 on Friday. The company’s 50 day moving average is $567.78 and its 200 day moving average is $520.19. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month high of $671.83. The company has a market cap of $56.64 billion, a PE ratio of 34.83 and a beta of 1.78.
VanEck Semiconductor ETF Company 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.
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