Prosperity Wealth Management Inc. Takes $219,000 Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Prosperity Wealth Management Inc. acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,250 shares of the company’s stock, valued at approximately $219,000.

Several other large investors have also bought and sold shares of SMH. Covestor Ltd acquired a new position in VanEck Semiconductor ETF in the first quarter valued at $27,000. Macroview Investment Management LLC increased its holdings in VanEck Semiconductor ETF by 245.2% in the fourth quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in VanEck Semiconductor ETF in the third quarter valued at approximately $28,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $25,000. Finally, FinTrust Capital Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 363.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 176 shares of the company’s stock worth $26,000 after buying an additional 138 shares during the period.

VanEck Semiconductor ETF Stock Down 3.1 %

NASDAQ:SMH opened at $212.40 on Thursday. VanEck Semiconductor ETF has a twelve month low of $118.57 and a twelve month high of $239.14. The company has a fifty day moving average of $217.07 and a 200-day moving average of $182.68. The firm has a market capitalization of $17.85 billion, a P/E ratio of 17.19 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.