Kovack Advisors Inc. Buys 8,290 Shares of VanEck Semiconductor ETF $SMH

Kovack Advisors Inc. raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 409.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,316 shares of the company’s stock after buying an additional 8,290 shares during the period. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $3,715,000 as of its most recent SEC filing.

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

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $609.45 on Friday. The stock’s fifty day moving average is $522.86 and its 200-day moving average is $433.46. VanEck Semiconductor ETF has a 52 week low of $256.05 and a 52 week high of $642.77. The stock has a market capitalization of $70.81 billion, a PE 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.