PNC Financial Services Group Inc. boosted its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 21.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,982 shares of the company’s stock after acquiring an additional 2,271 shares during the period. PNC Financial Services Group Inc.’s holdings in VanEck Semiconductor ETF were worth $4,977,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. WealthCollab LLC bought a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth approximately $28,000. Investment Counsel Co. of Nevada bought a new position in VanEck Semiconductor ETF during the fourth quarter valued at $35,000. Core Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF during the fourth quarter valued at $36,000. Jessup Wealth Management Inc bought a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth $40,000. Finally, CENTRAL TRUST Co increased its stake in shares of VanEck Semiconductor ETF by 66.7% in the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares in the last quarter.
VanEck Semiconductor ETF Trading Down 2.3%
VanEck Semiconductor ETF stock opened at $548.55 on Tuesday. VanEck Semiconductor ETF has a 1-year low of $279.19 and a 1-year high of $671.83. The firm has a 50 day simple moving average of $600.83 and a 200 day simple moving average of $488.94. The firm has a market capitalization of $66.12 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71.
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.
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