United Asset Strategies Inc. Invests $263,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

United Asset Strategies Inc. acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,506 shares of the company’s stock, valued at approximately $263,000.

Several other large investors also recently added to or reduced their stakes in SMH. PNC Financial Services Group Inc. raised its holdings in shares of VanEck Semiconductor ETF by 9.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,541 shares of the company’s stock valued at $368,000 after purchasing an additional 213 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 12.1% during the 4th quarter. Mutual Advisors LLC now owns 3,867 shares of the company’s stock worth $676,000 after acquiring an additional 417 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $277,000. Pinnacle Associates Ltd. raised its stake in shares of VanEck Semiconductor ETF by 2.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 5,866 shares of the company’s stock worth $1,026,000 after acquiring an additional 130 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth approximately $40,189,000.

VanEck Semiconductor ETF Stock Down 3.1 %

NASDAQ SMH opened at $212.40 on Thursday. The firm has a market cap of $17.85 billion, a PE ratio of 17.19 and a beta of 1.35. The company has a 50 day moving average price of $217.07 and a 200 day moving average price of $182.68. VanEck Semiconductor ETF has a 52 week low of $118.57 and a 52 week high of $239.14.

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.