VanEck Semiconductor ETF (NASDAQ:SMH) Position Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 27.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,751 shares of the company’s stock after purchasing an additional 596 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SMH. Mendota Financial Group LLC acquired a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth $25,000. Chilton Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at approximately $28,000. Financial Management Professionals Inc. bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at approximately $28,000. Finally, TD Capital Management LLC acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at approximately $29,000.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $247.63 on Thursday. The firm has a 50-day simple moving average of $244.72 and a 200 day simple moving average of $245.07. VanEck Semiconductor ETF has a twelve month low of $156.56 and a twelve month high of $283.07. The stock has a market cap of $24.54 billion, a PE ratio of 18.82 and a beta of 1.35.

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.