Founders Financial Securities LLC Raises Stake in VanEck Semiconductor ETF $SMH

Founders Financial Securities LLC raised its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 47.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,438 shares of the company’s stock after purchasing an additional 1,106 shares during the quarter. Founders Financial Securities LLC’s holdings in VanEck Semiconductor ETF were worth $1,238,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after purchasing an additional 735,425 shares in the last quarter. Bank of Nova Scotia raised its position in shares of VanEck Semiconductor ETF by 24,986.6% during the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after buying an additional 752,097 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its position in shares of VanEck Semiconductor ETF by 0.4% during the third quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock valued at $187,983,000 after buying an additional 2,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of VanEck Semiconductor ETF by 4.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 548,017 shares of the company’s stock valued at $197,357,000 after buying an additional 21,488 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of VanEck Semiconductor ETF by 8.3% during the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after buying an additional 40,831 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $607.81 on Tuesday. The stock has a market cap of $70.62 billion, a P/E ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a 1 year low of $238.96 and a 1 year high of $613.43. The firm’s 50 day moving average price is $488.03 and its 200-day moving average price is $418.65.

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.