Marks Wealth LLC Invests $36.64 Million in VanEck Semiconductor ETF (NASDAQ:SMH)

Marks Wealth LLC bought a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 140,537 shares of the company’s stock, valued at approximately $36,638,000. VanEck Semiconductor ETF makes up approximately 16.2% of Marks Wealth LLC’s holdings, making the stock its 3rd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth $656,000. Capital Investment Advisory Services LLC increased its stake in VanEck Semiconductor ETF by 137.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 313 shares of the company’s stock worth $55,000 after buying an additional 1,145 shares during the period. RWA Wealth Partners LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter valued at about $3,761,000. Atria Wealth Solutions Inc. boosted its position in VanEck Semiconductor ETF by 12.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 33,560 shares of the company’s stock valued at $5,869,000 after buying an additional 3,643 shares during the period. Finally, Lyell Wealth Management LP grew its stake in VanEck Semiconductor ETF by 6.6% in the 4th quarter. Lyell Wealth Management LP now owns 58,328 shares of the company’s stock worth $10,200,000 after acquiring an additional 3,626 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH traded up $5.97 during trading on Friday, reaching $248.39. 6,922,418 shares of the company were exchanged, compared to its average volume of 8,520,101. The business’s fifty day simple moving average is $252.25 and its 200-day simple moving average is $232.86. VanEck Semiconductor ETF has a 12-month low of $136.10 and a 12-month high of $283.07. The firm has a market capitalization of $22.34 billion, a PE 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.