Discovery Value Fund Makes New $15.09 Million Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Discovery Value Fund acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 86,291 shares of the company’s stock, valued at approximately $15,090,000. VanEck Semiconductor ETF accounts for about 6.9% of Discovery Value Fund’s holdings, making the stock its 3rd biggest position.

Several other hedge funds also recently modified their holdings of SMH. Macroview Investment Management LLC increased its stake in VanEck Semiconductor ETF by 245.2% during the 4th quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $25,000. Baker Avenue Asset Management LP increased its stake in VanEck Semiconductor ETF by 100.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 256 shares of the company’s stock valued at $37,000 after purchasing an additional 32,000 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in VanEck Semiconductor ETF by 250.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 280 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in VanEck Semiconductor ETF by 137.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 313 shares of the company’s stock valued at $55,000 after purchasing an additional 1,145 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 0.5 %

SMH stock traded down $1.17 during midday trading on Thursday, reaching $220.23. 2,914,963 shares of the company’s stock traded hands, compared to its average volume of 8,447,509. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 18.82 and a beta of 1.87. The firm’s fifty day moving average price is $219.51 and its 200-day moving average price is $189.33. VanEck Semiconductor ETF has a 52 week low of $121.81 and a 52 week high of $239.14.

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.