Gruss & Co. LLC Purchases Shares of 2,000 VanEck Semiconductor ETF (NASDAQ:SMH)

Gruss & Co. LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, Holdings Channel reports. The fund purchased 2,000 shares of the company’s stock, valued at approximately $350,000. VanEck Semiconductor ETF comprises about 2.7% of Gruss & Co. LLC’s holdings, making the stock its 15th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of VanEck Semiconductor ETF by 9.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,541 shares of the company’s stock worth $368,000 after acquiring an additional 213 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF by 12.1% in the 4th quarter. Mutual Advisors LLC now owns 3,867 shares of the company’s stock worth $676,000 after acquiring an additional 417 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in VanEck Semiconductor ETF in the 3rd quarter valued at about $277,000. Pinnacle Associates Ltd. increased its stake in VanEck Semiconductor ETF by 2.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,866 shares of the company’s stock valued at $1,026,000 after buying an additional 130 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in VanEck Semiconductor ETF by 154.9% in the 4th quarter. SG Americas Securities LLC now owns 21,358 shares of the company’s stock valued at $3,735,000 after buying an additional 12,980 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH traded down $1.95 on Wednesday, hitting $222.15. The stock had a trading volume of 8,128,411 shares, compared to its average volume of 8,729,250. The stock has a market cap of $18.55 billion, a P/E ratio of 17.19 and a beta of 1.35. VanEck Semiconductor ETF has a 1 year low of $118.57 and a 1 year high of $239.14. The firm’s fifty day simple moving average is $213.67 and its two-hundred day simple moving average is $179.71.

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.