Dynamic Advisor Solutions LLC Invests $913,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Dynamic Advisor Solutions LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,317 shares of the company’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of VanEck Semiconductor ETF by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock worth $348,091,000 after purchasing an additional 133,724 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in VanEck Semiconductor ETF by 3.2% in the 4th quarter. Main Management ETF Advisors LLC now owns 972,740 shares of the company’s stock valued at $235,568,000 after acquiring an additional 29,920 shares in the last quarter. Meitav Investment House Ltd. lifted its position in VanEck Semiconductor ETF by 4.1% in the 4th quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after acquiring an additional 24,516 shares in the last quarter. Raymond James Financial Inc. bought a new stake in VanEck Semiconductor ETF in the 4th quarter valued at $144,385,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in VanEck Semiconductor ETF in the 4th quarter valued at $121,329,000.

VanEck Semiconductor ETF Trading Down 0.7%

SMH opened at $261.59 on Wednesday. The stock has a market capitalization of $23.70 billion, a P/E ratio of 30.48 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $283.07. The firm’s fifty day simple moving average is $229.42 and its 200 day simple moving average is $235.08.

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.