Bleakley Financial Group LLC Makes New $214,000 Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Bleakley Financial Group LLC purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,226 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also bought and sold shares of the stock. CI Investments Inc. raised its position in shares of VanEck Semiconductor ETF by 166.7% during the 3rd quarter. CI Investments Inc. now owns 1,553,303 shares of the company’s stock valued at $225,198,000 after buying an additional 970,943 shares in the last quarter. Jane Street Group LLC raised its position in shares of VanEck Semiconductor ETF by 28.2% during the 1st quarter. Jane Street Group LLC now owns 1,080,467 shares of the company’s stock valued at $284,368,000 after buying an additional 237,394 shares in the last quarter. Morgan Stanley raised its position in shares of VanEck Semiconductor ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 810,841 shares of the company’s stock valued at $164,552,000 after buying an additional 166,418 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of VanEck Semiconductor ETF by 60.7% during the 1st quarter. JPMorgan Chase & Co. now owns 425,381 shares of the company’s stock valued at $111,956,000 after buying an additional 160,662 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its position in shares of VanEck Semiconductor ETF by 18.4% during the 3rd quarter. Meitav Investment House Ltd. now owns 360,177 shares of the company’s stock valued at $52,335,000 after buying an additional 55,848 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 0.8 %

Shares of NASDAQ SMH opened at $219.16 on Wednesday. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 17.19 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $118.57 and a 12-month high of $239.14. The firm’s 50-day moving average price is $216.76 and its 200-day moving average price is $182.47.

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.