Sandy Spring Bank Increases Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Sandy Spring Bank increased its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 783 shares of the company’s stock after acquiring an additional 78 shares during the period. Sandy Spring Bank’s holdings in VanEck Semiconductor ETF were worth $190,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in VanEck Semiconductor ETF by 7.2% in the 3rd quarter. FMR LLC now owns 19,264 shares of the company’s stock worth $4,728,000 after acquiring an additional 1,297 shares during the last quarter. Savant Capital LLC bought a new stake in VanEck Semiconductor ETF in the 4th quarter worth approximately $403,000. JPMorgan Chase & Co. grew its position in VanEck Semiconductor ETF by 48.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after purchasing an additional 424,042 shares during the period. GAMMA Investing LLC grew its position in VanEck Semiconductor ETF by 180.0% in the 4th quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock worth $85,000 after purchasing an additional 225 shares during the period. Finally, Bank of New York Mellon Corp grew its position in VanEck Semiconductor ETF by 31.5% in the 4th quarter. Bank of New York Mellon Corp now owns 25,916 shares of the company’s stock worth $6,276,000 after purchasing an additional 6,215 shares during the period.

VanEck Semiconductor ETF Trading Down 1.0 %

NASDAQ:SMH opened at $224.77 on Friday. 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 company has a 50 day simple moving average of $241.16 and a two-hundred day simple moving average of $243.87.

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.