WestEnd Advisors LLC Makes New Investment in VanEck Semiconductor ETF $SMH

WestEnd Advisors LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,656 shares of the company’s stock, valued at approximately $4,663,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Kaydan Wealth Management Inc. raised its holdings in shares of VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after purchasing an additional 18 shares during the period. Berger Financial Group Inc lifted its stake in VanEck Semiconductor ETF by 1.3% in the 1st quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after purchasing an additional 21 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in VanEck Semiconductor ETF by 0.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after purchasing an additional 21 shares during the last quarter. Lantern Wealth Advisors LLC grew its holdings in VanEck Semiconductor ETF by 2.1% during the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after purchasing an additional 21 shares during the period. Finally, Howe & Rusling Inc. grew its holdings in VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after purchasing an additional 25 shares during the period.

VanEck Semiconductor ETF Stock Up 3.0%

Shares of NASDAQ SMH opened at $557.98 on Wednesday. The business’s 50 day moving average price is $573.45 and its two-hundred day moving average price is $515.72. The company has a market cap of $70.50 billion, a PE ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month 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.