Cornerstone Wealth Management LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 11.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,203 shares of the company’s stock after buying an additional 1,435 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $3,486,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Mendota Financial Group LLC purchased a new position in VanEck Semiconductor ETF in the third quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $26,000. Innealta Capital LLC acquired a new position in shares of VanEck Semiconductor ETF during the second quarter worth $28,000. TD Capital Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at $29,000. Finally, Pineridge Advisors LLC increased its holdings in VanEck Semiconductor ETF by 294.1% in the first quarter. Pineridge Advisors LLC now owns 134 shares of the company’s stock valued at $30,000 after buying an additional 100 shares during the last quarter.
VanEck Semiconductor ETF Stock Up 0.1 %
SMH stock opened at $247.32 on Thursday. The business has a 50 day moving average price of $240.39 and a 200 day moving average price of $240.32. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $136.10 and a fifty-two week high of $283.07.
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.
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