VanEck Semiconductor ETF (NASDAQ:SMH) Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC grew its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,262 shares of the company’s stock after purchasing an additional 3,789 shares during the period. Sowell Financial Services LLC owned approximately 0.06% of VanEck Semiconductor ETF worth $11,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC purchased a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $403,000. Allspring Global Investments Holdings LLC boosted its position in shares of VanEck Semiconductor ETF by 80.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069 shares of the company’s stock valued at $743,000 after purchasing an additional 1,366 shares during the period. Van ECK Associates Corp boosted its position in shares of VanEck Semiconductor ETF by 12,475.4% in the 4th quarter. Van ECK Associates Corp now owns 8,677 shares of the company’s stock valued at $2,102,000 after purchasing an additional 8,608 shares during the period. Principal Securities Inc. boosted its position in shares of VanEck Semiconductor ETF by 9.9% in the 4th quarter. Principal Securities Inc. now owns 22,502 shares of the company’s stock valued at $5,449,000 after purchasing an additional 2,022 shares during the period. Finally, Allworth Financial LP boosted its position in shares of VanEck Semiconductor ETF by 40.1% in the 4th quarter. Allworth Financial LP now owns 1,250 shares of the company’s stock valued at $334,000 after purchasing an additional 358 shares during the period.

VanEck Semiconductor ETF Stock Down 2.3%

Shares of NASDAQ SMH opened at $256.99 on Monday. The stock has a market cap of $23.28 billion, a PE ratio of 30.48 and a beta of 1.35. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $283.07. The business has a 50-day moving average price of $226.74 and a 200 day moving average price of $234.75.

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.