Evolution Wealth Advisors LLC Invests $237,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Evolution Wealth Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,358 shares of the company’s stock, valued at approximately $237,000.

Several other large investors also recently modified their holdings of the company. Institute for Wealth Management LLC. increased its position in shares of VanEck Semiconductor ETF by 0.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 15,775 shares of the company’s stock worth $2,758,000 after buying an additional 92 shares during the period. Western Wealth Management LLC increased its position in shares of VanEck Semiconductor ETF by 9.8% during the fourth quarter. Western Wealth Management LLC now owns 9,794 shares of the company’s stock worth $1,713,000 after buying an additional 873 shares during the period. Prosperity Wealth Management Inc. bought a new position in VanEck Semiconductor ETF during the fourth quarter worth $219,000. Sfmg LLC boosted its stake in VanEck Semiconductor ETF by 15.9% during the fourth quarter. Sfmg LLC now owns 4,603 shares of the company’s stock worth $805,000 after acquiring an additional 633 shares in the last quarter. Finally, Safeguard Financial LLC boosted its stake in VanEck Semiconductor ETF by 10.3% during the fourth quarter. Safeguard Financial LLC now owns 2,621 shares of the company’s stock worth $458,000 after acquiring an additional 244 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 4.5 %

NASDAQ SMH traded down $9.42 on Friday, hitting $199.21. 13,580,487 shares of the company were exchanged, compared to its average volume of 8,782,318. The company has a market cap of $16.63 billion, a PE ratio of 17.70 and a beta of 1.78. VanEck Semiconductor ETF has a 12 month low of $118.57 and a 12 month high of $239.14. The stock has a fifty day moving average of $217.17 and a 200-day moving average of $183.23.

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.