Kickstand Ventures LLC. Grows Position in VanEck Semiconductor ETF $SMH

Kickstand Ventures LLC. grew its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 72.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,217 shares of the company’s stock after purchasing an additional 11,021 shares during the period. VanEck Semiconductor ETF comprises approximately 1.7% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 17th largest holding. Kickstand Ventures LLC.’s holdings in VanEck Semiconductor ETF were worth $7,311,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dynamic Advisor Solutions LLC purchased a new stake in VanEck Semiconductor ETF in the 1st quarter worth approximately $913,000. M&T Bank Corp lifted its position in shares of VanEck Semiconductor ETF by 7.2% during the 1st quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock valued at $339,000 after buying an additional 107 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of VanEck Semiconductor ETF by 19.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock valued at $8,718,000 after buying an additional 5,092 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of VanEck Semiconductor ETF by 188.5% during the 2nd quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock valued at $84,000 after buying an additional 196 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of VanEck Semiconductor ETF by 103.7% during the 1st quarter. Blue Trust Inc. now owns 275 shares of the company’s stock valued at $58,000 after buying an additional 140 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $336.68 on Friday. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $340.78. The firm has a market capitalization of $32.96 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. The business’s 50 day moving average price is $301.94 and its 200-day moving average price is $262.25.

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.