Avaii Wealth Management LLC Takes $221,000 Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Avaii Wealth Management LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,046 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SMH. Mpwm Advisory Solutions LLC bought a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth $27,000. Ethos Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $28,000. Hemington Wealth Management lifted its holdings in shares of VanEck Semiconductor ETF by 50.6% during the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $38,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $38,000.

VanEck Semiconductor ETF Trading Down 2.3%

NASDAQ:SMH opened at $256.99 on Friday. The firm has a market capitalization of $23.28 billion, a price-to-earnings ratio of 30.48 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $283.07. The business’s fifty day moving average price is $226.74 and its 200 day moving average price is $234.80.

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.