Insight Wealth Strategies LLC Invests $209,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Insight Wealth Strategies LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 928 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SMH. Meitav Investment House Ltd. grew its holdings in VanEck Semiconductor ETF by 103.2% during the fourth quarter. Meitav Investment House Ltd. now owns 732,008 shares of the company’s stock worth $127,948,000 after acquiring an additional 371,831 shares during the period. Saudi Central Bank acquired a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth $105,273,000. Himension Capital Singapore PTE. LTD. increased its holdings in shares of VanEck Semiconductor ETF by 358.4% in the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 318,624 shares of the company’s stock valued at $55,718,000 after purchasing an additional 249,112 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of VanEck Semiconductor ETF by 103.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 295,190 shares of the company’s stock valued at $51,620,000 after purchasing an additional 150,444 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter worth about $40,189,000.

VanEck Semiconductor ETF Trading Up 1.6 %

Shares of SMH opened at $276.76 on Thursday. VanEck Semiconductor ETF has a twelve month low of $136.10 and a twelve month high of $278.27. The firm has a market capitalization of $23.38 billion, a P/E ratio of 18.82 and a beta of 1.35. The firm’s 50-day moving average is $233.44 and its two-hundred day moving average is $209.03.

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.