GRIMES & Co WEALTH MANAGEMENT LLC Acquires 1,180 Shares of VanEck Semiconductor ETF $SMH

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,180 shares of the company’s stock, valued at approximately $719,000.

Other institutional investors have also recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new stake in VanEck Semiconductor ETF in the second quarter valued at $26,000. MassMutual Private Wealth & Trust FSB acquired a new stake in VanEck Semiconductor ETF during the 2nd quarter worth about $30,000. Timbuktu Capital Management LLC acquired a new stake in VanEck Semiconductor ETF during the 2nd quarter worth about $33,000. Kings Path Partners LLC purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $30,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $39,000.

VanEck Semiconductor ETF Stock Down 2.7%

Shares of SMH stock opened at $504.27 on Thursday. The stock has a market cap of $64.57 billion, a PE ratio of 34.83 and a beta of 1.73. The business has a 50-day simple moving average of $569.98 and a 200-day simple moving average of $519.96. VanEck Semiconductor ETF has a 52-week low of $315.05 and a 52-week high of $671.83.

About VanEck Semiconductor ETF

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.