Hanseatic Management Services Inc. Has $1.83 Million Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Hanseatic Management Services Inc. lifted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,446 shares of the company’s stock after purchasing an additional 227 shares during the quarter. VanEck Semiconductor ETF comprises about 2.6% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 5th largest holding. Hanseatic Management Services Inc.’s holdings in VanEck Semiconductor ETF were worth $1,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SMH. Mendota Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth $25,000. Chilton Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $26,000. Innealta Capital LLC purchased a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $28,000. Financial Management Professionals Inc. purchased a new stake in VanEck Semiconductor ETF in the 3rd quarter worth approximately $28,000. Finally, TD Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $29,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $254.81 on Thursday. The firm has a market cap of $25.25 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $149.31 and a fifty-two week high of $283.07. The stock’s 50-day moving average is $243.20 and its two-hundred day moving average is $243.51.

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.