VanEck Semiconductor ETF $SMH Shares Bought by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV grew its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 38,939 shares of the company’s stock after purchasing an additional 1,312 shares during the quarter. VanEck Semiconductor ETF makes up about 0.5% of Potomac Fund Management Inc. ADV’s holdings, making the stock its 17th largest position. Potomac Fund Management Inc. ADV’s holdings in VanEck Semiconductor ETF were worth $14,023,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its holdings in shares of 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. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of 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. Focus Partners Wealth boosted its holdings in shares of VanEck Semiconductor ETF by 906.5% in the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after buying an additional 671,673 shares during the period. Capital Markets Trading UK LLP boosted its holdings in shares of VanEck Semiconductor ETF by 100.7% in the 3rd quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after buying an additional 617,050 shares during the period. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of VanEck Semiconductor ETF by 100.3% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock valued at $364,000 after buying an additional 349,979 shares during the period.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $619.96 on Monday. VanEck Semiconductor ETF has a one year low of $256.05 and a one year high of $642.77. The company has a 50-day simple moving average of $527.42 and a 200-day simple moving average of $435.44. The firm has a market capitalization of $72.03 billion, a PE ratio of 34.83 and a beta of 1.72.

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.