PDT Partners LLC purchased a new stake in shares of Market Vectors Semiconductor ETF (NYSE:SMH) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 43,104 shares of the company’s stock, valued at approximately $3,528,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Inc. grew its holdings in shares of Market Vectors Semiconductor ETF by 63.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $163,000 after purchasing an additional 773 shares in the last quarter. Lyell Wealth Management LP bought a new position in shares of Market Vectors Semiconductor ETF in the second quarter worth approximately $203,000. Virtu KCG Holdings LLC bought a new position in shares of Market Vectors Semiconductor ETF in the second quarter worth approximately $311,000. Janney Montgomery Scott LLC increased its position in shares of Market Vectors Semiconductor ETF by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 4,052 shares of the company’s stock worth $332,000 after purchasing an additional 912 shares during the last quarter. Finally, Suntrust Banks Inc. bought a new position in shares of Market Vectors Semiconductor ETF in the second quarter worth approximately $436,000.

Shares of Market Vectors Semiconductor ETF (NYSE:SMH) opened at 93.94 on Tuesday. The company has a 50-day moving average of $88.94 and a 200-day moving average of $84.56. Market Vectors Semiconductor ETF has a 52 week low of $66.06 and a 52 week high of $94.31.

TRADEMARK VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/10/03/pdt-partners-llc-invests-3-53-million-in-market-vectors-semiconductor-etf-smh.html.

Market Vectors Semiconductor ETF Company Profile

Market Vectors Semiconductor ETF (the Fund) is a non-diversified investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors United States Listed Semiconductor 25 Index. The Index is a rules based index intended to track the overall performance of 25 of the largest United States listed, publicly traded semiconductor companies.

Institutional Ownership by Quarter for Market Vectors Semiconductor ETF (NYSE:SMH)

Receive News & Stock Ratings for Market Vectors Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Market Vectors Semiconductor ETF and related stocks with our FREE daily email newsletter.