Ring Mountain Capital LLC Grows Stake in VanEck Semiconductor ETF $SMH

Ring Mountain Capital LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,554 shares of the company’s stock after acquiring an additional 2,686 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 5.6% of Ring Mountain Capital LLC’s holdings, making the stock its 5th largest position. Ring Mountain Capital LLC’s holdings in VanEck Semiconductor ETF were worth $9,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in VanEck Semiconductor ETF by 3,235,614.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock valued at $126,333,000 after buying an additional 452,986 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in VanEck Semiconductor ETF by 48.1% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after buying an additional 161,350 shares during the last quarter. Phoenix Financial Ltd. raised its stake in VanEck Semiconductor ETF by 273.2% during the 2nd quarter. Phoenix Financial Ltd. now owns 135,801 shares of the company’s stock valued at $37,872,000 after buying an additional 99,409 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its stake in VanEck Semiconductor ETF by 26.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock valued at $132,605,000 after buying an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 3.6%

Shares of SMH opened at $352.76 on Wednesday. The firm has a market cap of $35.41 billion, a PE ratio of 34.83 and a beta of 1.52. The firm has a fifty day simple moving average of $326.34 and a two-hundred day simple moving average of $285.22. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $372.78.

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.