Horizon Wealth Management LLC lifted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 579.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,466 shares of the company’s stock after purchasing an additional 26,832 shares during the period. VanEck Semiconductor ETF comprises 2.4% of Horizon Wealth Management LLC’s holdings, making the stock its 15th biggest position. Horizon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $19,163,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Telos Capital Management Inc. bought a new position in VanEck Semiconductor ETF in the third quarter worth approximately $3,797,000. Quadcap Wealth Management LLC bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $206,000. Platform Technology Partners boosted its position in VanEck Semiconductor ETF by 3.6% during the 3rd quarter. Platform Technology Partners now owns 1,056 shares of the company’s stock valued at $643,000 after acquiring an additional 37 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $120,762,000. Finally, Pathway Financial Advisers LLC bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $73,000.
VanEck Semiconductor ETF Trading Down 11.5%
Shares of NASDAQ:SMH opened at $446.05 on Friday. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The business’s fifty day simple moving average is $567.78 and its 200-day simple moving average is $520.19. The company has a market capitalization of $56.64 billion, a PE ratio of 34.83 and a beta of 1.78.
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.
Further Reading
- Five stocks we like better than VanEck Semiconductor ETF
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for VanEck Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
