Bank of Montreal Can Has $81.46 Million Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Bank of Montreal Can increased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 69.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,820 shares of the company’s stock after purchasing an additional 134,760 shares during the period. Bank of Montreal Can’s holdings in VanEck Semiconductor ETF were worth $81,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. Private Trust Co. NA raised its stake in VanEck Semiconductor ETF by 0.9% during the third quarter. Private Trust Co. NA now owns 4,890 shares of the company’s stock worth $1,200,000 after acquiring an additional 46 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of VanEck Semiconductor ETF by 3.1% in the 3rd quarter. Centaurus Financial Inc. now owns 10,447 shares of the company’s stock worth $2,564,000 after purchasing an additional 315 shares during the last quarter. Seldon Capital LP acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $2,062,000. Larson Financial Group LLC lifted its holdings in VanEck Semiconductor ETF by 332.0% during the 3rd quarter. Larson Financial Group LLC now owns 7,236 shares of the company’s stock valued at $1,776,000 after purchasing an additional 5,561 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in VanEck Semiconductor ETF by 5.1% in the third quarter. Kingsview Wealth Management LLC now owns 22,740 shares of the company’s stock valued at $5,582,000 after buying an additional 1,106 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 0.9 %

NASDAQ SMH opened at $241.42 on Wednesday. VanEck Semiconductor ETF has a 1-year low of $156.56 and a 1-year high of $283.07. The company has a 50 day moving average of $247.96 and a 200-day moving average of $246.91. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

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.