Waverly Advisors LLC boosted its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 90.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 47,982 shares of the company’s stock after acquiring an additional 22,783 shares during the quarter. Waverly Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $31,471,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMH. Allied Private Wealth LLC purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $26,000. MassMutual Private Wealth & Trust FSB purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $30,000. Timbuktu Capital Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $33,000. Investment Counsel Co. of Nevada acquired a new stake in VanEck Semiconductor ETF during the 4th quarter valued at approximately $35,000. Finally, Core Wealth Advisors LLC acquired a new stake in VanEck Semiconductor ETF during the 4th quarter valued at approximately $36,000.
VanEck Semiconductor ETF Trading Up 1.2%
SMH stock traded up $6.72 during midday trading on Tuesday, hitting $573.73. 8,248,685 shares of the company’s stock were exchanged, compared to its average volume of 9,664,740. The firm has a 50 day moving average price of $570.65 and a 200-day moving average price of $524.22. VanEck Semiconductor ETF has a 12-month low of $295.11 and a 12-month high of $671.83. The stock has a market capitalization of $72.08 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.
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.
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