May Hill Capital LLC Acquires Shares of 1,466 VanEck Semiconductor ETF $SMH

May Hill Capital LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,466 shares of the company’s stock, valued at approximately $409,000.

A number of other hedge funds have also recently modified their holdings of SMH. Sequoia Financial Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF by 33.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,795 shares of the company’s stock valued at $591,000 after purchasing an additional 701 shares in the last quarter. Diversified Trust Co bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at about $205,000. Sovran Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF by 28.3% during the 1st quarter. Sovran Advisors LLC now owns 2,558 shares of the company’s stock valued at $492,000 after purchasing an additional 564 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of VanEck Semiconductor ETF by 2.0% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 4,563 shares of the company’s stock valued at $965,000 after purchasing an additional 88 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of VanEck Semiconductor ETF by 256.7% during the 1st quarter. Valley National Advisers Inc. now owns 8,400 shares of the company’s stock valued at $1,776,000 after purchasing an additional 6,045 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 2.5%

Shares of SMH opened at $359.94 on Tuesday. The firm’s 50-day moving average price is $317.82 and its 200-day moving average price is $277.66. The firm has a market capitalization of $35.86 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $360.60.

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.