Prime Capital Investment Advisors LLC Increases Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Prime Capital Investment Advisors LLC grew its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,011 shares of the company’s stock after acquiring an additional 42 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $3,666,000. WealthPlan Investment Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $248,000. Apollon Wealth Management LLC raised its stake in shares of VanEck Semiconductor ETF by 34.8% in the third quarter. Apollon Wealth Management LLC now owns 16,375 shares of the company’s stock valued at $4,019,000 after acquiring an additional 4,227 shares during the period. Fountainhead AM LLC raised its stake in shares of VanEck Semiconductor ETF by 20.9% in the third quarter. Fountainhead AM LLC now owns 2,370 shares of the company’s stock valued at $582,000 after acquiring an additional 409 shares during the period. Finally, Patten & Patten Inc. TN raised its stake in shares of VanEck Semiconductor ETF by 21.1% in the third quarter. Patten & Patten Inc. TN now owns 17,229 shares of the company’s stock valued at $4,229,000 after acquiring an additional 2,997 shares during the period.

VanEck Semiconductor ETF Trading Down 3.3 %

NASDAQ SMH opened at $239.95 on Monday. The company’s 50-day moving average price is $246.15 and its 200-day moving average price is $245.74. The stock has a market cap of $23.78 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $156.56 and a 12 month high of $283.07.

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.