Wealth Advisory Team LLC Buys New Stake in VanEck Semiconductor ETF $SMH

Wealth Advisory Team LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,395 shares of the company’s stock, valued at approximately $502,000. VanEck Semiconductor ETF accounts for about 0.4% of Wealth Advisory Team LLC’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after buying an additional 735,425 shares during the period. Bank of Nova Scotia boosted its position in VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after buying an additional 752,097 shares during the period. Menora Mivtachim Holdings LTD. boosted its position in VanEck Semiconductor ETF by 0.4% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock valued at $187,983,000 after buying an additional 2,500 shares during the period. Meitav Investment House Ltd. boosted its position in VanEck Semiconductor ETF by 17.0% in the 3rd quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock valued at $181,266,000 after buying an additional 80,957 shares during the period. Finally, Raymond James Financial Inc. boosted its position in VanEck Semiconductor ETF by 8.3% in the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after buying an additional 40,831 shares during the period.

VanEck Semiconductor ETF Stock Up 1.0%

Shares of SMH stock opened at $578.34 on Friday. VanEck Semiconductor ETF has a 52 week low of $234.59 and a 52 week high of $581.17. The stock has a market capitalization of $67.20 billion, a PE ratio of 34.83 and a beta of 1.70. The firm has a 50 day moving average of $443.76 and a two-hundred day moving average of $400.13.

VanEck Semiconductor ETF Company 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.