Kestra Advisory Services LLC Purchases 65,634 Shares of VanEck Semiconductor ETF $SMH

Kestra Advisory Services LLC lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 82.3% in the first quarter, HoldingsChannel.com reports. The firm owned 145,358 shares of the company’s stock after purchasing an additional 65,634 shares during the quarter. Kestra Advisory Services LLC’s holdings in VanEck Semiconductor ETF were worth $55,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SMH. WealthCollab LLC purchased a new position in shares of VanEck Semiconductor ETF during the 4th quarter valued at $28,000. Investment Counsel Co. of Nevada bought a new position in VanEck Semiconductor ETF in the 4th quarter worth $35,000. Core Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth $36,000. Jessup Wealth Management Inc purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth $40,000. Finally, CENTRAL TRUST Co raised its holdings in VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock valued at $43,000 after acquiring an additional 48 shares during the period.

VanEck Semiconductor ETF Stock Up 2.5%

Shares of VanEck Semiconductor ETF stock opened at $607.73 on Friday. The stock’s 50-day simple moving average is $593.69 and its 200-day simple moving average is $471.13. VanEck Semiconductor ETF has a 52 week low of $279.19 and a 52 week high of $671.83. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71.

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.