VanEck Semiconductor ETF (NASDAQ:SMH) Position Raised by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 142.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,850 shares of the company’s stock after buying an additional 8,144 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in VanEck Semiconductor ETF were worth $3,400,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SMH. Mendota Financial Group LLC acquired a new position in VanEck Semiconductor ETF in the third quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $26,000. Innealta Capital LLC purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $28,000. Financial Management Professionals Inc. purchased a new position in VanEck Semiconductor ETF during the 3rd quarter worth approximately $28,000. Finally, TD Capital Management LLC purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $29,000.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $244.75 on Friday. VanEck Semiconductor ETF has a twelve month low of $144.29 and a twelve month high of $283.07. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm’s 50 day moving average price is $242.82 and its two-hundred day moving average price is $242.46.

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.