KG&L Capital Management LLC Raises Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

KG&L Capital Management LLC raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 31.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,897 shares of the company’s stock after purchasing an additional 458 shares during the quarter. KG&L Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $466,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new position in VanEck Semiconductor ETF during the 2nd quarter valued at $26,000. Mendota Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $28,000. TD Capital Management LLC bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $29,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at $28,000.

VanEck Semiconductor ETF Trading Down 0.2 %

Shares of SMH stock opened at $244.27 on Tuesday. VanEck Semiconductor ETF has a 12 month low of $148.29 and a 12 month high of $283.07. The stock has a market cap of $24.20 billion, a PE ratio of 18.82 and a beta of 1.35. The company’s fifty day moving average price is $242.86 and its 200-day moving average price is $243.09.

About VanEck Semiconductor ETF

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.