Brookstone Capital Management Makes New $11.22 Million Investment in VanEck Semiconductor ETF $SMH

Brookstone Capital Management acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 18,432 shares of the company’s stock, valued at approximately $11,225,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. raised its position in shares of VanEck Semiconductor ETF by 17.3% in the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after buying an additional 133,601 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after purchasing an additional 295,000 shares during the period. Cetera Investment Advisers boosted its position in VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after purchasing an additional 16,810 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of VanEck Semiconductor ETF in the first quarter valued at approximately $141,661,000. Finally, GoalVest Advisory LLC lifted its holdings in VanEck Semiconductor ETF by 290,983.3% in the third quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock worth $106,362,000 after purchasing an additional 174,590 shares during the period.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $527.20 on Friday. The stock’s 50-day moving average is $574.68 and its two-hundred day moving average is $566.15. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83. The stock has a market cap of $64.15 billion, a PE ratio of 34.83 and a beta of 1.73.

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.