Oppenheimer & Co. Inc. Buys New Position in VanEck Semiconductor ETF $SMH

Oppenheimer & Co. Inc. purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,437 shares of the company’s stock, valued at approximately $7,574,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kaydan Wealth Management Inc. boosted its stake in shares of VanEck Semiconductor ETF by 3.6% in the third quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after buying an additional 18 shares during the period. Berger Financial Group Inc increased its stake in VanEck Semiconductor ETF by 1.3% during the 1st quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock worth $636,000 after acquiring an additional 21 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in VanEck Semiconductor ETF by 0.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after acquiring an additional 21 shares during the period. Lantern Wealth Advisors LLC increased its stake in VanEck Semiconductor ETF by 2.1% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after acquiring an additional 21 shares during the period. Finally, Howe & Rusling Inc. raised its holdings in VanEck Semiconductor ETF by 4.3% in the 1st quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after acquiring an additional 25 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $567.67 on Thursday. The business has a fifty day moving average price of $573.40 and a two-hundred day moving average price of $516.67. The stock has a market capitalization of $71.72 billion, a PE ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week 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.