Granite Group Advisors LLC Buys New Stake in VanEck Semiconductor ETF $SMH

Granite Group Advisors LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,762 shares of the company’s stock, valued at approximately $635,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in VanEck Semiconductor ETF by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after acquiring an additional 1,666 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $1,934,000. Element Wealth LLC purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $515,000. Farther Finance Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF by 136.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after purchasing an additional 6,026 shares in the last quarter. Finally, Carter Financial Group INC. acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $1,072,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH opened at $380.73 on Friday. The company’s fifty day moving average price is $401.00 and its 200 day moving average price is $366.31. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $427.94. The company has a market capitalization of $41.61 billion, a PE ratio of 34.83 and a beta of 1.52.

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.