SteelPeak Wealth LLC raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 159.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,587 shares of the company’s stock after purchasing an additional 7,118 shares during the period. SteelPeak Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $2,844,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter worth $26,000. Mendota Financial Group LLC acquired a new stake in VanEck Semiconductor ETF during the 3rd quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $28,000. TD Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $29,000. Finally, Financial Management Professionals Inc. acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $28,000.
VanEck Semiconductor ETF Price Performance
Shares of SMH stock traded down $5.28 on Wednesday, reaching $251.64. 2,926,954 shares of the company were exchanged, compared to its average volume of 8,097,698. The company has a 50-day moving average of $242.91 and a 200-day moving average of $242.22. The company has a market cap of $24.87 billion, a price-to-earnings 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.
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.
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