TCP Asset Management LLC increased its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,739 shares of the company’s stock after purchasing an additional 761 shares during the quarter. VanEck Semiconductor ETF makes up 1.8% of TCP Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. TCP Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,790,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of SMH. Chilton Capital Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $26,000. Mendota Financial Group LLC acquired a new position in VanEck Semiconductor ETF during the third quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $28,000. TD Capital Management LLC acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter worth $29,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth $28,000.
VanEck Semiconductor ETF Price Performance
NASDAQ:SMH traded down $1.38 during midday trading on Monday, reaching $251.58. The stock had a trading volume of 1,801,397 shares, compared to its average volume of 8,126,484. The stock has a market capitalization of $24.75 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year high of $283.07. The firm’s fifty day simple moving average is $242.73 and its 200-day simple moving average is $241.79.
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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