Valley National Advisers Inc. Makes New $5.93 Million Investment in VanEck Semiconductor ETF $SMH

Valley National Advisers Inc. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 9,743 shares of the company’s stock, valued at approximately $5,934,000.

Several other large investors have also recently bought and sold shares of SMH. Allied Private Wealth LLC acquired a new stake in VanEck Semiconductor ETF in the second quarter valued at $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth about $30,000. Timbuktu Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $33,000. Kings Path Partners LLC acquired a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $30,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $39,000.

VanEck Semiconductor ETF Stock Performance

SMH opened at $527.20 on Friday. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83. The company has a market cap of $65.71 billion, a P/E ratio of 34.83 and a beta of 1.73. The business’s 50-day simple moving average is $574.68 and its 200-day simple moving average is $566.15.

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.