Madrona Financial Services LLC Purchases 1,196 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Madrona Financial Services LLC increased its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 87.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,566 shares of the company’s stock after buying an additional 1,196 shares during the quarter. Madrona Financial Services LLC’s holdings in VanEck Semiconductor ETF were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Quattro Financial Advisors LLC bought a new position in shares of VanEck Semiconductor ETF in the third quarter worth about $64,000. TruWealth Advisors LLC lifted its holdings in VanEck Semiconductor ETF by 5.2% in the 3rd quarter. TruWealth Advisors LLC now owns 97,522 shares of the company’s stock worth $23,937,000 after purchasing an additional 4,780 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in VanEck Semiconductor ETF by 274.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,339 shares of the company’s stock worth $1,556,000 after purchasing an additional 4,646 shares during the period. Global Retirement Partners LLC grew its holdings in VanEck Semiconductor ETF by 12.9% during the 3rd quarter. Global Retirement Partners LLC now owns 24,297 shares of the company’s stock valued at $5,964,000 after buying an additional 2,772 shares in the last quarter. Finally, Gruss & Co. LLC grew its holdings in VanEck Semiconductor ETF by 300.0% during the 3rd quarter. Gruss & Co. LLC now owns 4,000 shares of the company’s stock valued at $982,000 after buying an additional 3,000 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH stock opened at $251.58 on Friday. The company’s fifty day moving average price is $240.92 and its 200-day moving average price is $240.40. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $283.07. The company has a market capitalization of $24.75 billion, a PE ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Company 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.