Peterson Wealth Management Sells 1,738 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Peterson Wealth Management lessened its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,356 shares of the company’s stock after selling 1,738 shares during the quarter. VanEck Semiconductor ETF makes up about 2.3% of Peterson Wealth Management’s portfolio, making the stock its 18th biggest position. Peterson Wealth Management’s holdings in VanEck Semiconductor ETF were worth $3,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of VanEck Semiconductor ETF by 101.1% in the 2nd quarter. SG Americas Securities LLC now owns 13,898 shares of the company’s stock worth $3,623,000 after purchasing an additional 1,270,998 shares in the last quarter. Jane Street Group LLC boosted its position in shares of VanEck Semiconductor ETF by 20.9% in the 1st quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock worth $1,360,049,000 after purchasing an additional 1,045,570 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth $105,273,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of VanEck Semiconductor ETF by 109.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after purchasing an additional 494,164 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in VanEck Semiconductor ETF by 111.9% in the 4th quarter. Private Advisor Group LLC now owns 31,281 shares of the company’s stock worth $5,371,000 after acquiring an additional 293,538 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $224.26 on Friday. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The business has a fifty day moving average of $246.47 and a 200 day moving average of $235.48. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $283.07.

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.