VanEck Semiconductor ETF $SMH Shares Newly Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, HoldingsChannel reports. The firm purchased 14,704 shares of the company’s stock, valued at approximately $8,955,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BIP Wealth LLC increased its holdings in shares of VanEck Semiconductor ETF by 4.0% during the third quarter. BIP Wealth LLC now owns 8,512 shares of the company’s stock valued at $5,184,000 after purchasing an additional 326 shares during the period. Brookstone Capital Management bought a new stake in shares of VanEck Semiconductor ETF during the third quarter valued at about $11,225,000. SeaCrest Wealth Management LLC raised its stake in shares of VanEck Semiconductor ETF by 8.4% during the third quarter. SeaCrest Wealth Management LLC now owns 11,096 shares of the company’s stock valued at $6,758,000 after purchasing an additional 864 shares in the last quarter. Seros Financial LLC lifted its holdings in VanEck Semiconductor ETF by 4.8% in the third quarter. Seros Financial LLC now owns 2,919 shares of the company’s stock worth $1,778,000 after purchasing an additional 134 shares during the period. Finally, NBT Bank N.A. acquired a new stake in VanEck Semiconductor ETF in the third quarter worth about $43,000.

VanEck Semiconductor ETF Stock Up 0.7%

VanEck Semiconductor ETF stock traded up $3.85 during trading hours on Friday, hitting $527.20. 7,440,378 shares of the company traded hands, compared to its average volume of 9,329,251. The firm has a market cap of $64.15 billion, a P/E ratio of 34.83 and a beta of 1.73. The firm’s 50-day simple moving average is $574.68 and its two-hundred day simple moving average is $566.15. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83.

About VanEck Semiconductor ETF

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.