Denver Wealth Management Inc. Invests $1.17 Million in VanEck Semiconductor ETF $SMH

Denver Wealth Management Inc. acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,257 shares of the company’s stock, valued at approximately $1,173,000.

Several other large investors have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after buying an additional 735,425 shares during the period. Bank of Nova Scotia increased its stake in VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after buying an additional 752,097 shares during the period. Menora Mivtachim Holdings LTD. increased its stake in VanEck Semiconductor ETF by 0.4% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock worth $187,983,000 after buying an additional 2,500 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in VanEck Semiconductor ETF by 4.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 548,017 shares of the company’s stock worth $197,357,000 after buying an additional 21,488 shares during the period. Finally, Raymond James Financial Inc. increased its stake in VanEck Semiconductor ETF by 8.3% during the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after buying an additional 40,831 shares during the period.

VanEck Semiconductor ETF Stock Up 1.7%

Shares of SMH opened at $619.96 on Friday. VanEck Semiconductor ETF has a fifty-two week low of $256.05 and a fifty-two week high of $642.77. The firm’s 50 day moving average price is $527.42 and its 200 day moving average price is $434.76. The company has a market cap of $72.03 billion, a P/E ratio of 34.83 and a beta of 1.72.

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.