Potomac Fund Management Inc. ADV Grows Holdings in VanEck Semiconductor ETF $SMH

Potomac Fund Management Inc. ADV increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,939 shares of the company’s stock after buying an additional 1,312 shares during the period. VanEck Semiconductor ETF comprises approximately 0.5% of Potomac Fund Management Inc. ADV’s holdings, making the stock its 17th biggest holding. Potomac Fund Management Inc. ADV’s holdings in VanEck Semiconductor ETF were worth $14,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. Brooklyn Investment Group grew its holdings in VanEck Semiconductor ETF by 2.2% during the 4th quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock worth $434,000 after acquiring an additional 26 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in VanEck Semiconductor ETF by 1.8% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,624 shares of the company’s stock worth $585,000 after acquiring an additional 29 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in VanEck Semiconductor ETF by 3.6% during the 4th quarter. Johnson Investment Counsel Inc. now owns 844 shares of the company’s stock worth $304,000 after acquiring an additional 29 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in VanEck Semiconductor ETF by 0.3% during the 4th quarter. Arkadios Wealth Advisors now owns 8,670 shares of the company’s stock worth $3,122,000 after acquiring an additional 30 shares in the last quarter. Finally, One Capital Management LLC grew its holdings in VanEck Semiconductor ETF by 0.3% during the 4th quarter. One Capital Management LLC now owns 11,036 shares of the company’s stock worth $3,974,000 after acquiring an additional 31 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $619.96 on Monday. The firm has a market cap of $72.03 billion, a P/E ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a 1-year low of $256.05 and a 1-year high of $642.77. The firm has a fifty day moving average of $527.42 and a two-hundred day moving average of $435.44.

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.