World Equity Group Inc. Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

World Equity Group Inc. acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 852 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently made changes to their positions in SMH. SG Americas Securities LLC boosted its stake in shares of VanEck Semiconductor ETF by 101.1% in the 2nd quarter. SG Americas Securities LLC now owns 13,898 shares of the company’s stock valued at $3,623,000 after purchasing an additional 1,270,998 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of VanEck Semiconductor ETF by 20.9% in the 1st quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock valued at $1,360,049,000 after purchasing an additional 1,045,570 shares in the last quarter. Saudi Central Bank bought a new position in VanEck Semiconductor ETF in the 4th quarter valued at approximately $105,273,000. Private Advisor Group LLC raised its holdings in VanEck Semiconductor ETF by 111.9% in the 4th quarter. Private Advisor Group LLC now owns 31,281 shares of the company’s stock valued at $5,371,000 after buying an additional 293,538 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in VanEck Semiconductor ETF by 1,172.6% in the 1st quarter. Cetera Investment Advisers now owns 290,347 shares of the company’s stock valued at $65,325,000 after buying an additional 267,531 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH traded up $0.34 during trading hours on Friday, reaching $246.71. The company’s stock had a trading volume of 5,194,621 shares, compared to its average volume of 8,587,897. The firm has a fifty day simple moving average of $253.23 and a 200-day simple moving average of $231.49. The stock has a market cap of $22.19 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 52 week low of $136.10 and a 52 week high of $283.07.

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.