Montecito Bank & Trust Invests $463,000 in VanEck Semiconductor ETF $SMH

Montecito Bank & Trust acquired a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,418 shares of the company’s stock, valued at approximately $463,000.

Several other institutional investors also recently bought and sold shares of the business. Grove Bank & Trust purchased a new stake in VanEck Semiconductor ETF during the second quarter worth $25,000. Trust Co. of Toledo NA OH bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth $25,000. UMB Bank n.a. purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $28,000. Hilltop National Bank bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $28,000.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $356.23 on Friday. The company has a market capitalization of $35.76 billion, a PE ratio of 34.83 and a beta of 1.52. The company has a 50-day simple moving average of $351.14 and a two-hundred day simple moving average of $312.81. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $375.59.

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.