Janney Montgomery Scott LLC Buys 8,411 Shares of VanEck Semiconductor ETF $SMH

Janney Montgomery Scott LLC lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 9.3% during the first quarter, HoldingsChannel.com reports. The fund owned 98,733 shares of the company’s stock after purchasing an additional 8,411 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Semiconductor ETF were worth $37,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flagstar Advisors Inc. boosted its position in shares of VanEck Semiconductor ETF by 68.2% during the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after purchasing an additional 2,396 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $1,934,000. Apollon Wealth Management LLC increased its position in shares of VanEck Semiconductor ETF by 2.9% in the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after buying an additional 1,356 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of VanEck Semiconductor ETF by 128.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after buying an additional 4,778 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after buying an additional 11,973 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $611.61 on Monday. The stock’s fifty day simple moving average is $570.31 and its 200 day simple moving average is $455.18. The company has a market capitalization of $71.06 billion, a PE ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a 12 month low of $272.16 and a 12 month high of $671.83.

VanEck Semiconductor ETF Company 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.