Petredis Investment Advisors LLC Boosts Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Petredis Investment Advisors LLC grew its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,645 shares of the company’s stock after buying an additional 6,633 shares during the period. VanEck Semiconductor ETF accounts for 0.8% of Petredis Investment Advisors LLC’s holdings, making the stock its 28th biggest position. Petredis Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $7,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC raised its holdings in shares of VanEck Semiconductor ETF by 20.9% in the first quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock worth $1,360,049,000 after buying an additional 1,045,570 shares during the last quarter. LPL Financial LLC raised its holdings in shares of VanEck Semiconductor ETF by 20.9% in the second quarter. LPL Financial LLC now owns 1,629,628 shares of the company’s stock worth $424,844,000 after buying an additional 281,252 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of VanEck Semiconductor ETF by 46.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after buying an additional 514,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of VanEck Semiconductor ETF by 109.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after buying an additional 494,164 shares during the last quarter. Finally, Main Management ETF Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF by 2.6% in the second quarter. Main Management ETF Advisors LLC now owns 689,520 shares of the company’s stock worth $179,758,000 after buying an additional 17,340 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 5.4 %

NASDAQ SMH opened at $247.16 on Wednesday. The company has a fifty day simple moving average of $239.67 and a two-hundred day simple moving average of $240.27. VanEck Semiconductor ETF has a 12-month low of $136.10 and a 12-month high of $283.07. The stock has a market cap of $24.21 billion, a P/E ratio of 18.82 and a beta of 1.35.

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.