Concurrent Investment Advisors LLC Boosts Holdings in VanEck Semiconductor ETF $SMH

Concurrent Investment Advisors LLC grew its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 117.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,212 shares of the company’s stock after acquiring an additional 51,524 shares during the quarter. Concurrent Investment Advisors LLC owned 0.09% of VanEck Semiconductor ETF worth $34,289,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SMH. Wealth Enhancement Advisory Services LLC increased its stake in shares of VanEck Semiconductor ETF by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock worth $10,921,000 after buying an additional 1,666 shares during the period. Flagstar Advisors Inc. increased its stake in shares of VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after buying an additional 2,396 shares during the period. Bright Futures Wealth Management LLC. purchased a new position in shares of VanEck Semiconductor ETF in the third quarter worth $1,934,000. Element Wealth LLC purchased a new position in shares of VanEck Semiconductor ETF in the third quarter worth $515,000. Finally, Mezzasalma Advisors LLC increased its stake in shares of VanEck Semiconductor ETF by 67.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after buying an additional 6,130 shares during the period.

VanEck Semiconductor ETF Stock Up 5.1%

Shares of NASDAQ SMH opened at $506.44 on Friday. VanEck Semiconductor ETF has a 52 week low of $203.89 and a 52 week high of $509.59. The firm’s fifty day moving average is $412.88 and its 200 day moving average is $382.84. The company has a market cap of $57.73 billion, a price-to-earnings ratio of 34.83 and a beta of 1.55.

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.