Grantvest Financial Group LLC Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Grantvest Financial Group LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,573 shares of the company’s stock, valued at approximately $1,350,000. VanEck Semiconductor ETF accounts for approximately 1.5% of Grantvest Financial Group LLC’s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its holdings in VanEck Semiconductor ETF by 61.9% in the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the period. Mather Group LLC. raised its position in shares of VanEck Semiconductor ETF by 320.0% in the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Ethos Financial Group LLC bought a new stake in VanEck Semiconductor ETF during the fourth quarter valued at $28,000. Hemington Wealth Management grew its position in VanEck Semiconductor ETF by 50.6% during the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of VanEck Semiconductor ETF by 80.2% in the 4th quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.0 %

Shares of SMH opened at $224.77 on Monday. VanEck Semiconductor ETF has a 12-month low of $198.44 and a 12-month high of $283.07. The company has a market cap of $21.28 billion, a PE ratio of 31.46 and a beta of 1.35. The stock has a 50-day moving average price of $241.16 and a 200-day moving average price of $244.14.

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.