VanEck Semiconductor ETF (NASDAQ:SMH) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 1,066.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,978 shares of the company’s stock after purchasing an additional 12,780 shares during the quarter. Waverly Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $3,145,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Choreo LLC boosted its position in VanEck Semiconductor ETF by 1.1% during the 1st quarter. Choreo LLC now owns 4,891 shares of the company’s stock valued at $1,100,000 after purchasing an additional 54 shares during the period. FinTrust Capital Advisors LLC raised its stake in VanEck Semiconductor ETF by 31.8% during the 4th quarter. FinTrust Capital Advisors LLC now owns 232 shares of the company’s stock valued at $41,000 after acquiring an additional 56 shares in the last quarter. Westside Investment Management Inc. raised its stake in VanEck Semiconductor ETF by 0.9% during the 1st quarter. Westside Investment Management Inc. now owns 7,044 shares of the company’s stock valued at $1,585,000 after acquiring an additional 60 shares in the last quarter. Fox Hill Wealth Management raised its stake in VanEck Semiconductor ETF by 1.6% during the 1st quarter. Fox Hill Wealth Management now owns 4,313 shares of the company’s stock valued at $970,000 after acquiring an additional 66 shares in the last quarter. Finally, Advisory Alpha LLC raised its stake in VanEck Semiconductor ETF by 4.5% during the 4th quarter. Advisory Alpha LLC now owns 1,602 shares of the company’s stock valued at $280,000 after acquiring an additional 69 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH traded down $8.27 during midday trading on Tuesday, reaching $230.33. The stock had a trading volume of 9,455,978 shares, compared to its average volume of 8,252,259. VanEck Semiconductor ETF has a 52 week low of $136.10 and a 52 week high of $283.07. The firm’s 50 day moving average price is $257.48 and its 200-day moving average price is $227.37. The company has a market capitalization of $20.38 billion, a P/E ratio of 18.82 and a beta of 1.35.

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.