Commonwealth Equity Services LLC Makes New Investment in VanEck Semiconductor ETF $SMH

Commonwealth Equity Services LLC acquired a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, Holdings Channel.com reports. The firm acquired 198,296 shares of the company’s stock, valued at approximately $120,762,000.

A number of other hedge funds have also recently modified their holdings of SMH. Kaydan Wealth Management Inc. grew its stake in shares of VanEck Semiconductor ETF by 3.6% during the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock worth $317,000 after purchasing an additional 18 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in VanEck Semiconductor ETF by 0.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after buying an additional 21 shares in the last quarter. Lantern Wealth Advisors LLC grew its position in VanEck Semiconductor ETF by 2.1% during the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock valued at $627,000 after buying an additional 21 shares during the period. JSF Financial LLC grew its position in VanEck Semiconductor ETF by 2.7% during the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock valued at $411,000 after buying an additional 28 shares during the period. Finally, Leigh Baldwin & CO. LLC increased its holdings in VanEck Semiconductor ETF by 2.1% in the first quarter. Leigh Baldwin & CO. LLC now owns 1,455 shares of the company’s stock valued at $558,000 after buying an additional 30 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $463.96 on Friday. The firm has a 50-day simple moving average of $565.60 and a two-hundred day simple moving average of $520.56. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83. The company has a market cap of $58.92 billion, a P/E ratio of 34.83 and a beta of 1.78.

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.