VanEck Semiconductor ETF (NASDAQ:SMH) Shares Bought by Summit Financial Group Inc.

Summit Financial Group Inc. grew its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMHFree Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,665 shares of the company’s stock after purchasing an additional 315 shares during the quarter. Summit Financial Group Inc.’s holdings in VanEck Semiconductor ETF were worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMH. Pathstone Family Office LLC purchased a new position in shares of VanEck Semiconductor ETF during the third quarter worth approximately $278,000. PNC Financial Services Group Inc. grew its position in 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 valued at $368,000 after buying an additional 213 shares during the last quarter. Kestra Advisory Services LLC grew its position in VanEck Semiconductor ETF by 16.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 37,844 shares of the company’s stock valued at $5,487,000 after buying an additional 5,464 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $722,000. Finally, Envestnet Asset Management Inc. grew its position in VanEck Semiconductor ETF by 11.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 155,049 shares of the company’s stock valued at $22,479,000 after buying an additional 15,311 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 1.6 %

NASDAQ:SMH traded up $4.28 during midday trading on Wednesday, reaching $276.76. The stock had a trading volume of 8,241,579 shares, compared to its average volume of 8,158,358. The firm has a fifty day simple moving average of $232.34 and a two-hundred day simple moving average of $208.55. VanEck Semiconductor ETF has a 12-month low of $136.10 and a 12-month high of $278.27. The stock has a market cap of $23.38 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Semiconductor ETF (NASDAQ:SMH)

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