Peapack Gladstone Financial Corp Acquires 977 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Peapack Gladstone Financial Corp increased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,134 shares of the company’s stock after purchasing an additional 977 shares during the period. Peapack Gladstone Financial Corp’s holdings in VanEck Semiconductor ETF were worth $2,978,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SMH. Envestnet Portfolio Solutions Inc. increased its holdings in shares of VanEck Semiconductor ETF by 84.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,605 shares of the company’s stock valued at $1,983,000 after acquiring an additional 3,483 shares during the last quarter. Raymond James & Associates grew its holdings in VanEck Semiconductor ETF by 15.0% during the second quarter. Raymond James & Associates now owns 214,445 shares of the company’s stock valued at $55,906,000 after purchasing an additional 27,919 shares during the last quarter. Zhang Financial LLC lifted its stake in shares of VanEck Semiconductor ETF by 7.2% in the second quarter. Zhang Financial LLC now owns 1,087 shares of the company’s stock worth $283,000 after buying an additional 73 shares during the last quarter. Means Investment CO. Inc. lifted its stake in shares of VanEck Semiconductor ETF by 15.9% in the second quarter. Means Investment CO. Inc. now owns 15,567 shares of the company’s stock worth $4,058,000 after buying an additional 2,131 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of VanEck Semiconductor ETF by 30.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 12,148 shares of the company’s stock worth $3,167,000 after buying an additional 2,803 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $249.49 on Friday. The company has a market capitalization of $24.72 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $163.97 and a one year high of $283.07. The company’s fifty day moving average price is $248.60 and its 200 day moving average price is $247.69.

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.