IFP Advisors Inc Increases Stake in VanEck Semiconductor ETF $SMH

IFP Advisors Inc raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,778 shares of the company’s stock after buying an additional 1,229 shares during the period. IFP Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $3,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Seros Financial LLC increased its holdings in VanEck Semiconductor ETF by 19.1% during the fourth quarter. Seros Financial LLC now owns 2,056 shares of the company’s stock valued at $740,000 after buying an additional 329 shares during the last quarter. Berbice Capital Management LLC increased its holdings in VanEck Semiconductor ETF by 45.0% during the fourth quarter. Berbice Capital Management LLC now owns 2,739 shares of the company’s stock valued at $986,000 after buying an additional 850 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in VanEck Semiconductor ETF by 23.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,711 shares of the company’s stock valued at $3,857,000 after buying an additional 2,000 shares during the last quarter. Larson Financial Group LLC increased its holdings in VanEck Semiconductor ETF by 2.3% during the fourth quarter. Larson Financial Group LLC now owns 14,650 shares of the company’s stock valued at $5,276,000 after buying an additional 326 shares during the last quarter. Finally, Csenge Advisory Group increased its holdings in VanEck Semiconductor ETF by 9.0% during the fourth quarter. Csenge Advisory Group now owns 36,133 shares of the company’s stock valued at $13,012,000 after buying an additional 2,987 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 0.6%

Shares of SMH stock opened at $567.88 on Friday. VanEck Semiconductor ETF has a 12 month low of $234.59 and a 12 month high of $581.17. The stock has a market cap of $65.98 billion, a P/E ratio of 34.83 and a beta of 1.70. The company has a 50 day simple moving average of $460.01 and a two-hundred day simple moving average of $406.89.

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.