Axxcess Wealth Management LLC Raises Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Axxcess Wealth Management LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 13.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,667 shares of the company’s stock after buying an additional 202 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Choreo LLC grew its holdings in VanEck Semiconductor ETF by 1.1% during the first quarter. Choreo LLC now owns 4,891 shares of the company’s stock valued at $1,100,000 after purchasing an additional 54 shares during the period. FinTrust Capital Advisors LLC grew its holdings 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 during the period. Westside Investment Management Inc. grew its holdings in VanEck Semiconductor ETF by 0.9% during the first quarter. Westside Investment Management Inc. now owns 7,044 shares of the company’s stock valued at $1,585,000 after purchasing an additional 60 shares during the period. Fox Hill Wealth Management grew its holdings in VanEck Semiconductor ETF by 1.6% during the first quarter. Fox Hill Wealth Management now owns 4,313 shares of the company’s stock valued at $970,000 after purchasing an additional 66 shares during the period. Finally, Advisory Alpha LLC boosted its holdings in shares of VanEck Semiconductor ETF by 4.5% in the fourth quarter. Advisory Alpha LLC now owns 1,602 shares of the company’s stock worth $280,000 after acquiring an additional 69 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock traded up $3.75 during trading hours on Friday, reaching $240.31. The company had a trading volume of 7,325,633 shares, compared to its average volume of 8,256,261. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $283.07. The business has a fifty day simple moving average of $257.41 and a 200 day simple moving average of $226.15. The firm has a market cap of $20.78 billion, a PE ratio of 18.82 and a beta of 1.35.

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.