Charter Oak Capital Management LLC Invests $280,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Charter Oak Capital Management LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,075 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds have also recently bought and sold shares of SMH. Diversified LLC grew its holdings in VanEck Semiconductor ETF by 3.7% during the 2nd quarter. Diversified LLC now owns 144,582 shares of the company’s stock worth $37,693,000 after acquiring an additional 5,208 shares in the last quarter. Marks Wealth LLC acquired a new position in VanEck Semiconductor ETF in the second quarter worth about $36,638,000. JB Capital LLC increased its holdings in VanEck Semiconductor ETF by 20.0% in the second quarter. JB Capital LLC now owns 1,124 shares of the company’s stock valued at $293,000 after buying an additional 187 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in VanEck Semiconductor ETF by 6.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,087 shares of the company’s stock valued at $4,455,000 after buying an additional 980 shares in the last quarter. Finally, Red Lighthouse Investment Management LLC bought a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $218,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH traded up $5.97 during trading on Friday, reaching $248.39. The stock had a trading volume of 6,922,914 shares, compared to its average volume of 8,520,102. The stock has a market cap of $22.34 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $283.07. The firm’s 50 day moving average price is $251.86 and its two-hundred day moving average price is $233.23.

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.