Founders Financial Securities LLC Takes Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Founders Financial Securities LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,769 shares of the company’s stock, valued at approximately $1,765,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMH. SG Americas Securities LLC raised its stake in shares of VanEck Semiconductor ETF by 101.1% during the second quarter. SG Americas Securities LLC now owns 13,898 shares of the company’s stock valued at $3,623,000 after acquiring an additional 1,270,998 shares in the last quarter. Jane Street Group LLC increased its holdings in VanEck Semiconductor ETF by 20.9% during the first quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock valued at $1,360,049,000 after buying an additional 1,045,570 shares during the period. Saudi Central Bank purchased a new position in VanEck Semiconductor ETF during the fourth quarter valued at approximately $105,273,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in VanEck Semiconductor ETF by 109.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock valued at $246,144,000 after buying an additional 494,164 shares during the period. Finally, Private Advisor Group LLC increased its holdings in VanEck Semiconductor ETF by 111.9% during the fourth quarter. Private Advisor Group LLC now owns 31,281 shares of the company’s stock valued at $5,371,000 after buying an additional 293,538 shares during the period.

VanEck Semiconductor ETF Stock Down 7.5 %

Shares of SMH stock opened at $225.19 on Wednesday. The company’s 50 day moving average is $247.88 and its 200 day moving average is $235.64. VanEck Semiconductor ETF has a 52-week low of $136.10 and a 52-week high of $283.07. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF 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.