Parker Investment Management LLC Acquires Shares of 75,165 VanEck Semiconductor ETF $SMH

Parker Investment Management LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 75,165 shares of the company’s stock, valued at approximately $28,818,000. VanEck Semiconductor ETF accounts for 4.4% of Parker Investment Management LLC’s portfolio, making the stock its 9th largest position. Parker Investment Management LLC owned about 0.06% of VanEck Semiconductor ETF at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Clearwater Capital Advisors LLC purchased a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at approximately $241,000. Measured Wealth Private Client Group LLC grew its stake in VanEck Semiconductor ETF by 2.1% in the first quarter. Measured Wealth Private Client Group LLC now owns 26,937 shares of the company’s stock worth $10,328,000 after purchasing an additional 555 shares during the period. Signature Equity Partners LLC grew its stake in VanEck Semiconductor ETF by 16.7% in the first quarter. Signature Equity Partners LLC now owns 2,387 shares of the company’s stock worth $915,000 after purchasing an additional 342 shares during the period. Insight Advisors LLC PA grew its stake in VanEck Semiconductor ETF by 3.4% in the first quarter. Insight Advisors LLC PA now owns 2,459 shares of the company’s stock worth $943,000 after purchasing an additional 81 shares during the period. Finally, Fortis Capital Management LLC raised its holdings in VanEck Semiconductor ETF by 148.7% in the first quarter. Fortis Capital Management LLC now owns 5,652 shares of the company’s stock worth $2,167,000 after purchasing an additional 3,379 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 0.5%

Shares of VanEck Semiconductor ETF stock opened at $586.91 on Thursday. The firm has a market capitalization of $71.13 billion, a P/E ratio of 34.83 and a beta of 1.71. The business has a fifty day simple moving average of $600.65 and a two-hundred day simple moving average of $485.06. VanEck Semiconductor ETF has a 12 month low of $279.19 and a 12 month high of $671.83.

VanEck Semiconductor ETF Company 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.