Mirae Asset Global Investments Co. Ltd. recently purchased a new stake in VanEck Semiconductor ETF during the first quarter, as reported in its latest Form 13F filing with the SEC. The institutional investor acquired 22,190 shares of the company’s stock, with an estimated value of $5.84 million. This purchase represents 0.08% ownership of VanEck Semiconductor ETF.
Other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new position in the first quarter, worth $26,000. Covestor Ltd and Lansing Street Advisors both purchased new positions in the first quarter, with a value of $27,000 and $39,000 respectively. Kayne Anderson Rudnick Investment Management LLC bought a new position in the third quarter, worth around $28,000. Concord Wealth Partners also acquired a new position in the fourth quarter, worth approximately $33,000.
VanEck Semiconductor ETF’s stock opened at $150.30 on Thursday. It has a 50-day moving average of $152.63 and a 200-day moving average of $140.48. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 17.19, and a beta of 1.35. The stock has fluctuated between a 1-year low of $83.49 and a 1-year high of $161.17.
VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks the performance of the MVIS US Listed Semiconductor 25 index. It is a market-cap-weighted index of the 25 largest US-listed semiconductor companies. Managed by VanEck, SMH was launched on May 5, 2000.
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Source : FagenWasanni
