Optivise Advisory Services LLC Invests $233,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Optivise Advisory Services LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,104 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in VanEck Semiconductor ETF by 80.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069 shares of the company’s stock worth $743,000 after buying an additional 1,366 shares during the last quarter. Van ECK Associates Corp raised its position in shares of VanEck Semiconductor ETF by 12,475.4% during the 4th quarter. Van ECK Associates Corp now owns 8,677 shares of the company’s stock worth $2,102,000 after acquiring an additional 8,608 shares in the last quarter. Allworth Financial LP lifted its stake in VanEck Semiconductor ETF by 40.1% during the fourth quarter. Allworth Financial LP now owns 1,250 shares of the company’s stock worth $334,000 after purchasing an additional 358 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in VanEck Semiconductor ETF in the fourth quarter valued at approximately $200,000. Finally, Americana Partners LLC boosted its holdings in VanEck Semiconductor ETF by 4.3% in the fourth quarter. Americana Partners LLC now owns 1,189 shares of the company’s stock valued at $288,000 after purchasing an additional 49 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 0.4%

SMH stock opened at $262.59 on Thursday. The stock has a market cap of $23.79 billion, a P/E ratio of 30.48 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $283.07. The company’s 50 day moving average is $230.46 and its two-hundred day moving average is $235.27.

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.