Penobscot Investment Management Company Inc. Has $5.10 Million Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Penobscot Investment Management Company Inc. lifted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,180 shares of the company’s stock after purchasing an additional 1,550 shares during the period. Penobscot Investment Management Company Inc.’s holdings in VanEck Semiconductor ETF were worth $5,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in shares of VanEck Semiconductor ETF by 101.9% during the third quarter. SG Americas Securities LLC now owns 8,378 shares of the company’s stock valued at $1,215,000 after buying an additional 4,229 shares in the last quarter. Brookstone Capital Management grew its stake in VanEck Semiconductor ETF by 13.9% in the third quarter. Brookstone Capital Management now owns 15,640 shares of the company’s stock valued at $2,258,000 after purchasing an additional 1,905 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in VanEck Semiconductor ETF by 62.7% in the third quarter. Commonwealth Equity Services LLC now owns 181,822 shares of the company’s stock valued at $26,361,000 after purchasing an additional 70,071 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in VanEck Semiconductor ETF by 57.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 192,304 shares of the company’s stock valued at $27,880,000 after purchasing an additional 70,435 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in VanEck Semiconductor ETF by 160.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 7,191 shares of the company’s stock valued at $1,043,000 after purchasing an additional 4,434 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.3 %

NASDAQ SMH traded down $2.73 on Tuesday, reaching $215.65. The stock had a trading volume of 1,953,942 shares, compared to its average volume of 8,586,850. The business has a 50 day moving average price of $218.27 and a 200 day moving average price of $186.40. VanEck Semiconductor ETF has a 1 year low of $120.93 and a 1 year high of $239.14. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 17.70 and a beta of 1.35.

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.