Cornerstone Enterprises LLC Buys 9,409 Shares of VanEck Semiconductor ETF $SMH

Cornerstone Enterprises LLC lifted its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 102.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,628 shares of the company’s stock after purchasing an additional 9,409 shares during the period. VanEck Semiconductor ETF accounts for about 6.9% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its 4th biggest holding. Cornerstone Enterprises LLC’s holdings in VanEck Semiconductor ETF were worth $11,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meitav Investment House Ltd. boosted its stake in shares of VanEck Semiconductor ETF by 17.3% during the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after purchasing an additional 133,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in VanEck Semiconductor ETF by 107.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after buying an additional 295,000 shares in the last quarter. Cetera Investment Advisers raised its stake in VanEck Semiconductor ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after buying an additional 16,810 shares in the last quarter. Renaissance Technologies LLC bought a new position in VanEck Semiconductor ETF in the first quarter worth about $141,661,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in VanEck Semiconductor ETF by 17.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 338,536 shares of the company’s stock worth $121,918,000 after buying an additional 51,092 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $558.84 on Friday. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83. The company has a 50-day simple moving average of $579.57 and a two-hundred day simple moving average of $560.84. The firm has a market capitalization of $67.33 billion, a PE ratio of 34.83 and a beta of 1.73.

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.