Strategic Financial Concepts LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 123,870 shares of the company’s stock, valued at approximately $32,293,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners acquired a new stake in VanEck Semiconductor ETF in the 1st quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth $26,000. Innealta Capital LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth $28,000. TD Capital Management LLC acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter worth $29,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $30,000.
VanEck Semiconductor ETF Price Performance
NASDAQ SMH opened at $215.00 on Friday. The company has a market cap of $19.34 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The stock’s fifty day moving average price is $245.55 and its 200 day moving average price is $235.84. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $283.07.
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.
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