Activest Wealth Management Raises Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Activest Wealth Management increased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 329.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,585 shares of the company’s stock after purchasing an additional 1,983 shares during the period. Activest Wealth Management’s holdings in VanEck Semiconductor ETF were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Chilton Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $26,000. Mendota Financial Group LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new stake in shares of VanEck Semiconductor ETF in the second quarter worth approximately $28,000. TD Capital Management LLC bought a new position in VanEck Semiconductor ETF in the second quarter valued at about $29,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth $28,000.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock traded down $0.03 during trading hours on Thursday, hitting $242.51. The company’s stock had a trading volume of 653,232 shares, compared to its average volume of 7,957,847. VanEck Semiconductor ETF has a 12-month low of $156.56 and a 12-month high of $283.07. The business has a 50 day moving average price of $247.21 and a two-hundred day moving average price of $246.11. The company has a market cap of $24.03 billion, a PE ratio of 18.82 and a beta of 1.35.

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.