Flagstar Advisors Inc. Buys 2,396 Shares of VanEck Semiconductor ETF $SMH

Flagstar Advisors Inc. raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 68.2% in the 4th quarter, Holdings Channel reports. The firm owned 5,910 shares of the company’s stock after acquiring an additional 2,396 shares during the period. Flagstar Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $2,128,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia increased its holdings in shares of VanEck Semiconductor ETF by 24,986.6% in the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after purchasing an additional 752,097 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in VanEck Semiconductor ETF by 0.4% during the third quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock valued at $187,983,000 after buying an additional 2,500 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in VanEck Semiconductor ETF by 17.0% during the third quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock valued at $181,266,000 after buying an additional 80,957 shares during the last quarter. Raymond James Financial Inc. grew its holdings in VanEck Semiconductor ETF by 8.3% during the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after buying an additional 40,831 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in VanEck Semiconductor ETF by 8.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 526,529 shares of the company’s stock valued at $171,838,000 after buying an additional 41,280 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $380.73 on Friday. The stock has a market capitalization of $41.61 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $427.94. The business’s 50 day simple moving average is $401.00 and its 200-day simple moving average is $366.31.

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.