1,418 Shares in VanEck Semiconductor ETF $SMH Bought by Montecito Bank & Trust

Montecito Bank & Trust bought a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,418 shares of the company’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirador Capital Partners LP acquired a new position in shares of VanEck Semiconductor ETF during the third quarter valued at about $239,000. Thrive Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF in the 3rd quarter worth approximately $202,000. Clarus Wealth Advisors grew its position in VanEck Semiconductor ETF by 1.2% during the 3rd quarter. Clarus Wealth Advisors now owns 4,874 shares of the company’s stock worth $1,641,000 after purchasing an additional 56 shares during the last quarter. Venture Visionary Partners LLC increased its stake in VanEck Semiconductor ETF by 66.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 3,536 shares of the company’s stock valued at $1,154,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Jackson Wealth Management LLC increased its stake in VanEck Semiconductor ETF by 0.5% during the 3rd quarter. Jackson Wealth Management LLC now owns 37,891 shares of the company’s stock valued at $12,366,000 after purchasing an additional 174 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 2.6%

NASDAQ:SMH opened at $356.23 on Friday. The firm has a fifty day simple moving average of $351.14 and a 200-day simple moving average of $312.81. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $375.59. The company has a market capitalization of $35.76 billion, a P/E ratio of 34.83 and a beta of 1.52.

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.