Janney Montgomery Scott LLC Has $37.85 Million Stock Holdings in VanEck Semiconductor ETF $SMH

Janney Montgomery Scott LLC boosted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,733 shares of the company’s stock after acquiring an additional 8,411 shares during the period. Janney Montgomery Scott LLC owned 0.09% of VanEck Semiconductor ETF worth $37,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagstar Advisors Inc. lifted its holdings in VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after buying an additional 2,396 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in VanEck Semiconductor ETF during the 3rd quarter worth $1,934,000. Apollon Wealth Management LLC grew its holdings in VanEck Semiconductor ETF by 2.9% during the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock worth $17,278,000 after acquiring an additional 1,356 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock valued at $11,697,000 after acquiring an additional 11,973 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of VanEck Semiconductor ETF by 128.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after acquiring an additional 4,778 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $611.61 on Monday. VanEck Semiconductor ETF has a twelve month low of $272.16 and a twelve month high of $671.83. The company has a market cap of $71.06 billion, a P/E ratio of 34.83 and a beta of 1.72. The business’s fifty day moving average is $570.31 and its 200-day moving average is $455.18.

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.