Kovack Advisors Inc. Invests $270,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Kovack Advisors Inc. acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMHFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,199 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Sense Advisors Inc. raised its holdings in shares of VanEck Semiconductor ETF by 7.1% in the first quarter. Financial Sense Advisors Inc. now owns 1,775 shares of the company’s stock valued at $399,000 after buying an additional 117 shares during the last quarter. PCG Wealth Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF by 37.8% in the first quarter. PCG Wealth Advisors LLC now owns 3,601 shares of the company’s stock valued at $810,000 after buying an additional 987 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of VanEck Semiconductor ETF by 0.9% in the first quarter. Westside Investment Management Inc. now owns 7,044 shares of the company’s stock valued at $1,585,000 after buying an additional 60 shares during the last quarter. TCP Asset Management LLC raised its holdings in shares of VanEck Semiconductor ETF by 22.0% in the first quarter. TCP Asset Management LLC now owns 32,573 shares of the company’s stock valued at $7,329,000 after buying an additional 5,882 shares during the last quarter. Finally, E&G Advisors LP raised its holdings in shares of VanEck Semiconductor ETF by 8.3% in the first quarter. E&G Advisors LP now owns 2,618 shares of the company’s stock valued at $589,000 after buying an additional 200 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $269.62 on Friday. The stock has a market capitalization of $22.78 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $279.57. The company has a 50-day simple moving average of $244.63 and a 200-day simple moving average of $216.22.

VanEck Semiconductor ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Semiconductor ETF (NASDAQ:SMH)

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