Synergy Asset Management LLC Purchases Shares of 10,139 VanEck Semiconductor ETF (NASDAQ:SMH)

Synergy Asset Management LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,139 shares of the company’s stock, valued at approximately $2,643,000.

Several other large investors also recently modified their holdings of SMH. SG Americas Securities LLC increased its position in 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 buying an additional 1,270,998 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of VanEck Semiconductor ETF by 20.9% during the first quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock valued at $1,360,049,000 after acquiring an additional 1,045,570 shares in the last quarter. Saudi Central Bank acquired a new position in shares of VanEck Semiconductor ETF during the fourth quarter worth approximately $105,273,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of VanEck Semiconductor ETF by 109.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after purchasing an additional 494,164 shares in the last quarter. Finally, Private Advisor Group LLC grew its position 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 purchasing an additional 293,538 shares during the period.

VanEck Semiconductor ETF Stock Down 2.5 %

SMH stock traded down $5.55 during midday trading on Friday, reaching $218.71. 1,482,815 shares of the company’s stock traded hands, compared to its average volume of 8,478,904. The firm’s fifty day moving average price is $246.47 and its 200-day moving average price is $235.48. VanEck Semiconductor ETF has a 52 week low of $136.10 and a 52 week high of $283.07. The company has a market cap of $19.67 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.