GM Advisory Group LLC Acquires 35,794 Shares of VanEck Semiconductor ETF $SMH

GM Advisory Group LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 62.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,217 shares of the company’s stock after buying an additional 35,794 shares during the quarter. VanEck Semiconductor ETF makes up 1.4% of GM Advisory Group LLC’s holdings, making the stock its 20th biggest holding. GM Advisory Group LLC owned approximately 0.08% of VanEck Semiconductor ETF worth $35,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMH. Bank of America Corp DE boosted its stake in shares of VanEck Semiconductor ETF by 170.8% in the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares in the last quarter. Morgan Stanley increased its position in VanEck Semiconductor ETF by 4.8% during the 4th quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after purchasing an additional 121,815 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after purchasing an additional 735,425 shares during the last quarter. Bank of Nova Scotia lifted its stake in VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after purchasing an additional 752,097 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in VanEck Semiconductor ETF by 906.5% in the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $592.29 on Friday. The company’s 50 day moving average price is $585.68 and its two-hundred day moving average price is $463.36. The firm has a market capitalization of $69.65 billion, a P/E ratio of 34.83 and a beta of 1.71. VanEck Semiconductor ETF has a fifty-two week low of $278.55 and a fifty-two week high of $671.83.

VanEck Semiconductor ETF 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.