SteelPeak Wealth LLC Raises Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

SteelPeak Wealth LLC increased its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 285.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,469 shares of the company’s stock after acquiring an additional 3,310 shares during the period. SteelPeak Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMH. Macroview Investment Management LLC lifted its stake in VanEck Semiconductor ETF by 245.2% in the 4th quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 103 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in VanEck Semiconductor ETF in the 1st quarter valued at approximately $25,000. Creekmur Asset Management LLC acquired a new stake in VanEck Semiconductor ETF in the 4th quarter valued at approximately $30,000. Pineridge Advisors LLC increased its holdings in VanEck Semiconductor ETF by 294.1% in the 1st quarter. Pineridge Advisors LLC now owns 134 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at approximately $31,000.

VanEck Semiconductor ETF Trading Up 4.2 %

VanEck Semiconductor ETF stock traded up $9.98 during trading on Thursday, hitting $246.37. The company had a trading volume of 8,371,943 shares, compared to its average volume of 8,609,486. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year high of $283.07. The company’s 50 day simple moving average is $253.47 and its 200-day simple moving average is $230.70. The stock has a market cap of $22.16 billion, a price-to-earnings 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.