Kane Investment Management Inc. Has $968,000 Stake in VanEck Semiconductor ETF $SMH

Kane Investment Management Inc. increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 66.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,689 shares of the company’s stock after purchasing an additional 1,076 shares during the period. Kane Investment Management Inc.’s holdings in VanEck Semiconductor ETF were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Integrity Investment Advisors LLC boosted its position in VanEck Semiconductor ETF by 28.6% during the fourth quarter. Integrity Investment Advisors LLC now owns 1,571 shares of the company’s stock worth $566,000 after purchasing an additional 349 shares during the period. Wealthspire Advisors LLC boosted its position in VanEck Semiconductor ETF by 10.0% during the fourth quarter. Wealthspire Advisors LLC now owns 5,547 shares of the company’s stock worth $1,998,000 after purchasing an additional 502 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its position in VanEck Semiconductor ETF by 6.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,428 shares of the company’s stock worth $2,315,000 after purchasing an additional 410 shares during the period. Summit Financial LLC boosted its position in VanEck Semiconductor ETF by 2.0% during the fourth quarter. Summit Financial LLC now owns 72,486 shares of the company’s stock worth $26,104,000 after purchasing an additional 1,412 shares during the period. Finally, Investment Counsel Co. of Nevada bought a new position in VanEck Semiconductor ETF during the fourth quarter worth $35,000.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $619.96 on Friday. The company has a fifty day moving average price of $527.42 and a two-hundred day moving average price of $434.76. VanEck Semiconductor ETF has a one year low of $256.05 and a one year high of $642.77. The stock has a market cap of $72.03 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72.

VanEck Semiconductor ETF Company 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.