VanEck Semiconductor ETF $SMH Shares Newly Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,847 shares of the company’s stock, valued at approximately $7,215,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allied Private Wealth LLC acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth approximately $30,000. Timbuktu Capital Management LLC bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth approximately $33,000. Kings Path Partners LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of VanEck Semiconductor ETF during the third quarter worth approximately $39,000.

VanEck Semiconductor ETF Stock Up 2.7%

Shares of SMH stock opened at $541.62 on Tuesday. VanEck Semiconductor ETF has a 12 month low of $315.05 and a 12 month high of $671.83. The firm has a market cap of $67.51 billion, a PE ratio of 34.83 and a beta of 1.73. The stock has a 50 day moving average of $575.09 and a 200-day moving average of $514.09.

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.