Gruss & Co. LLC Takes $350,000 Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Gruss & Co. LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $350,000. VanEck Semiconductor ETF comprises 2.7% of Gruss & Co. LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in SMH. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at about $25,000. FinTrust Capital Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 363.2% in the third quarter. FinTrust Capital Advisors LLC now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 138 shares during the last quarter. Tucker Asset Management LLC grew its position in shares of VanEck Semiconductor ETF by 68.6% in the second quarter. Tucker Asset Management LLC now owns 177 shares of the company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Horizon Investments LLC grew its position in shares of VanEck Semiconductor ETF by 96.7% in the second quarter. Horizon Investments LLC now owns 177 shares of the company’s stock valued at $27,000 after purchasing an additional 87 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in VanEck Semiconductor ETF during the first quarter worth about $27,000.

VanEck Semiconductor ETF Trading Down 0.9 %

SMH stock traded down $1.95 during trading on Wednesday, reaching $222.15. 8,128,411 shares of the stock were exchanged, compared to its average volume of 8,729,250. VanEck Semiconductor ETF has a twelve month low of $118.57 and a twelve month high of $239.14. The company has a market capitalization of $18.55 billion, a P/E ratio of 17.19 and a beta of 1.35. The stock has a 50 day simple moving average of $213.67 and a 200-day simple moving average of $179.71.

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.