Simplicity Wealth LLC increased its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 164.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,523 shares of the company’s stock after buying an additional 947 shares during the period. Simplicity Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $584,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. WealthCollab LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $28,000. Investment Counsel Co. of Nevada bought a new position in shares of VanEck Semiconductor ETF during the fourth quarter worth about $35,000. Core Wealth Advisors LLC acquired a new position in VanEck Semiconductor ETF in the fourth quarter worth about $36,000. Jessup Wealth Management Inc acquired a new position in VanEck Semiconductor ETF in the fourth quarter worth about $40,000. Finally, CENTRAL TRUST Co grew its stake in VanEck Semiconductor ETF by 66.7% in the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares in the last quarter.
VanEck Semiconductor ETF Stock Down 4.1%
Shares of NASDAQ SMH opened at $585.86 on Tuesday. The stock’s 50 day moving average price is $597.51 and its two-hundred day moving average price is $474.46. VanEck Semiconductor ETF has a 52-week low of $279.19 and a 52-week high of $671.83. The stock has a market capitalization of $70.39 billion, a P/E ratio of 34.83 and a beta of 1.71.
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.
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