Ranch Capital Advisors Inc. Increases Holdings in VanEck Semiconductor ETF $SMH

Ranch Capital Advisors Inc. grew its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 4.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,928 shares of the company’s stock after acquiring an additional 90 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of VanEck Semiconductor ETF by 46.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after buying an additional 907,073 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its position in VanEck Semiconductor ETF by 48.1% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after purchasing an additional 161,350 shares during the period. Meitav Investment House Ltd. raised its position in VanEck Semiconductor ETF by 26.0% in the 2nd quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after purchasing an additional 97,941 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in VanEck Semiconductor ETF by 24.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock worth $94,589,000 after purchasing an additional 87,395 shares during the period. Finally, Cetera Investment Advisers raised its position in VanEck Semiconductor ETF by 4.8% in the 1st quarter. Cetera Investment Advisers now owns 389,916 shares of the company’s stock worth $82,455,000 after purchasing an additional 17,940 shares during the period.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $351.14 on Friday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $352.94. The firm has a market capitalization of $34.48 billion, a P/E ratio of 34.83 and a beta of 1.35. The company’s 50-day moving average is $316.56 and its 200 day moving average is $275.49.

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.