Founders Financial Securities LLC Purchases 1,106 Shares of VanEck Semiconductor ETF $SMH

Founders Financial Securities LLC raised its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 47.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,438 shares of the company’s stock after purchasing an additional 1,106 shares during the quarter. Founders Financial Securities LLC’s holdings in VanEck Semiconductor ETF were worth $1,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SMH. Flagstar Advisors Inc. grew its stake in shares of VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after acquiring an additional 2,396 shares during the period. Bright Futures Wealth Management LLC. bought a new stake in shares of VanEck Semiconductor ETF in the third quarter worth approximately $1,934,000. Mezzasalma Advisors LLC grew its stake in shares of VanEck Semiconductor ETF by 67.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after acquiring an additional 6,130 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of VanEck Semiconductor ETF by 58.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after acquiring an additional 11,973 shares during the period. Finally, Assetmark Inc. grew its stake in shares of VanEck Semiconductor ETF by 24.9% in the fourth quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after acquiring an additional 12,467 shares during the period.

VanEck Semiconductor ETF Trading Up 1.5%

SMH opened at $607.81 on Tuesday. The company has a market cap of $70.62 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70. The company’s 50 day moving average is $488.03 and its 200 day moving average is $418.65. VanEck Semiconductor ETF has a 12-month low of $238.96 and a 12-month high of $613.43.

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.