GoalVest Advisory LLC Buys 174,590 Shares of VanEck Semiconductor ETF $SMH

GoalVest Advisory LLC boosted its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 290,983.3% in the 3rd quarter, Holdings Channel reports. The firm owned 174,650 shares of the company’s stock after purchasing an additional 174,590 shares during the period. VanEck Semiconductor ETF comprises about 5.4% of GoalVest Advisory LLC’s portfolio, making the stock its 5th largest holding. GoalVest Advisory LLC’s holdings in VanEck Semiconductor ETF were worth $106,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMH. Allied Private Wealth LLC acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth about $26,000. MassMutual Private Wealth & Trust FSB acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at about $30,000. Timbuktu Capital Management LLC acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at about $33,000. Trust Co. of Vermont purchased a new stake in VanEck Semiconductor ETF during the second quarter worth about $46,000. Finally, Orion Capital Management LLC purchased a new stake in VanEck Semiconductor ETF during the second quarter worth about $55,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH traded up $14.96 during mid-day trading on Friday, hitting $632.77. 4,717,778 shares of the company’s stock were exchanged, compared to its average volume of 9,322,061. The stock’s 50-day moving average is $568.58 and its 200-day moving average is $545.83. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83. The company has a market cap of $77.82 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

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.