Kovack Advisors Inc. Has $3.72 Million Stock Holdings in VanEck Semiconductor ETF $SMH

Kovack Advisors Inc. raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 409.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,316 shares of the company’s stock after buying an additional 8,290 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $3,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WealthCollab LLC bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth $28,000. Core Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF in the fourth quarter valued at approximately $36,000. Jessup Wealth Management Inc acquired a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth $40,000. CENTRAL TRUST Co grew its position in shares of VanEck Semiconductor ETF by 66.7% during the 4th quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after buying an additional 48 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $44,000.

VanEck Semiconductor ETF Stock Up 6.8%

SMH opened at $609.45 on Friday. The company has a fifty day simple moving average of $522.86 and a 200 day simple moving average of $433.46. The stock has a market cap of $70.81 billion, a P/E ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a 12 month low of $256.05 and a 12 month high of $642.77.

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.