Envestnet Portfolio Solutions Inc. Increases Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 10.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,323 shares of the company’s stock after purchasing an additional 707 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in VanEck Semiconductor ETF were worth $1,774,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hartford Financial Management Inc. grew its position in VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. increased its position in shares of VanEck Semiconductor ETF by 320.0% during the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Ethos Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at approximately $28,000. Darwin Wealth Management LLC purchased a new position in VanEck Semiconductor ETF in the 3rd quarter worth approximately $29,000. Finally, Hemington Wealth Management lifted its position in VanEck Semiconductor ETF by 50.6% in the 4th quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.0 %

VanEck Semiconductor ETF stock opened at $224.77 on Friday. VanEck Semiconductor ETF has a 12 month low of $198.44 and a 12 month high of $283.07. The stock has a fifty day simple moving average of $241.16 and a two-hundred day simple moving average of $243.87. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 31.46 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.