Sound Income Strategies LLC Purchases Shares of 929 VanEck Semiconductor ETF (NASDAQ:SMH)

Sound Income Strategies LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, HoldingsChannel reports. The firm bought 929 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SMH. Macroview Investment Management LLC boosted its stake in shares of VanEck Semiconductor ETF by 245.2% in the fourth quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. Creekmur Asset Management LLC acquired a new position in VanEck Semiconductor ETF during the fourth quarter valued at approximately $30,000. Baker Avenue Asset Management LP raised its position in VanEck Semiconductor ETF by 100.8% during the third quarter. Baker Avenue Asset Management LP now owns 256 shares of the company’s stock valued at $37,000 after purchasing an additional 32,000 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in VanEck Semiconductor ETF by 31.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 232 shares of the company’s stock valued at $41,000 after purchasing an additional 56 shares in the last quarter. Finally, Tyler Stone Wealth Management raised its position in VanEck Semiconductor ETF by 32.0% during the third quarter. Tyler Stone Wealth Management now owns 330 shares of the company’s stock valued at $48,000 after purchasing an additional 80 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 0.3 %

Shares of NASDAQ:SMH traded down $0.86 during trading on Wednesday, hitting $260.91. 5,941,691 shares of the company were exchanged, compared to its average volume of 8,223,335. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year high of $279.57. The company has a market capitalization of $22.04 billion, a P/E ratio of 18.82 and a beta of 1.35. The business’s 50 day moving average is $236.77 and its 200-day moving average is $212.28.

About VanEck Semiconductor ETF

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.