Parallel Advisors LLC Purchases 5,618 Shares of VanEck Semiconductor ETF $SMH

Parallel Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 58.3% in the fourth quarter, HoldingsChannel reports. The firm owned 15,260 shares of the company’s stock after purchasing an additional 5,618 shares during the quarter. Parallel Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $5,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. Flagstar Advisors Inc. increased its holdings in VanEck Semiconductor ETF by 68.2% during the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after buying an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in VanEck Semiconductor ETF during the third quarter worth about $1,934,000. Mezzasalma Advisors LLC increased its holdings in VanEck Semiconductor ETF by 67.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after buying an additional 6,130 shares during the last quarter. Assetmark Inc. increased its holdings in VanEck Semiconductor ETF by 24.9% during the fourth quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after buying an additional 12,467 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in VanEck Semiconductor ETF by 58.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after buying an additional 11,973 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $569.69 on Friday. VanEck Semiconductor ETF has a 52-week low of $252.64 and a 52-week high of $642.77. The company has a 50-day simple moving average of $505.49 and a 200 day simple moving average of $425.49. The company has a market capitalization of $66.19 billion, a PE ratio of 34.83 and a beta of 1.72.

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.