Chemung Canal Trust Co. Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Chemung Canal Trust Co. acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,025 shares of the company’s stock, valued at approximately $4,179,000.

A number of other large investors also recently bought and sold shares of the company. Silicon Valley Capital Partners purchased a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at about $25,000. Chilton Capital Management LLC purchased 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 shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $28,000. TD Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $29,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $30,000.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH traded up $2.60 during trading hours on Friday, reaching $247.15. The company’s stock had a trading volume of 2,241,516 shares, compared to its average volume of 8,367,969. The stock has a market cap of $24.29 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $136.10 and a fifty-two week high of $283.07. The company’s 50-day moving average is $235.91 and its two-hundred day moving average is $238.42.

VanEck Semiconductor ETF 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.