VanEck Semiconductor ETF $SMH Shares Newly Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,743 shares of the company’s stock, valued at approximately $5,934,000.

Several other large investors have also recently added to or reduced their stakes in the business. Meitav Investment House Ltd. raised its stake in shares of VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after acquiring an additional 133,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in VanEck Semiconductor ETF by 107.3% during the 1st 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 in the last quarter. Cetera Investment Advisers grew its stake in VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after purchasing an additional 16,810 shares in the last quarter. Renaissance Technologies LLC acquired a new position in VanEck Semiconductor ETF during the 1st quarter worth $141,661,000. Finally, GoalVest Advisory LLC increased its holdings in VanEck Semiconductor ETF by 290,983.3% during the 3rd 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

SMH stock opened at $527.20 on Friday. The firm has a market capitalization of $65.71 billion, a P/E ratio of 34.83 and a beta of 1.73. The business’s 50-day moving average is $574.68 and its two-hundred day moving average is $566.15. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83.

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.