Wedbush Securities Inc. Acquires New Stake in VanEck Semiconductor ETF $SMH

Wedbush Securities Inc. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,704 shares of the company’s stock, valued at approximately $8,955,000.

A number of other institutional investors also recently made changes to their positions in SMH. Allied Private Wealth LLC bought a new stake in shares of VanEck Semiconductor ETF in the second quarter worth $26,000. MassMutual Private Wealth & Trust FSB acquired a new stake in VanEck Semiconductor ETF in the second quarter valued at $30,000. Kings Path Partners LLC bought a new position in VanEck Semiconductor ETF during the 3rd quarter valued at $30,000. Timbuktu Capital Management LLC bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at $33,000. Finally, Resources Management Corp CT ADV bought a new position in VanEck Semiconductor ETF during the 1st quarter valued at $38,000.

VanEck Semiconductor ETF Trading Up 0.7%

SMH stock traded up $3.85 during mid-day trading on Friday, hitting $527.20. 7,440,378 shares of the company were exchanged, compared to its average volume of 9,329,251. The company has a market capitalization of $64.15 billion, a PE ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month high of $671.83. The firm has a fifty day simple moving average of $574.68 and a 200 day simple moving average of $566.15.

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.