Pines Wealth Management LLC Boosts Stock Position in VanEck Semiconductor ETF $SMH

Pines Wealth Management LLC boosted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,712 shares of the company’s stock after acquiring an additional 230 shares during the quarter. Pines Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,053,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SMH. Mpwm Advisory Solutions LLC acquired a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth about $27,000. Banque Transatlantique SA purchased a new stake in VanEck Semiconductor ETF during the 1st quarter worth approximately $27,000. Arlington Trust Co LLC lifted its holdings in VanEck Semiconductor ETF by 775.0% during the 1st quarter. Arlington Trust Co LLC now owns 175 shares of the company’s stock worth $37,000 after buying an additional 155 shares in the last quarter. Avalon Trust Co purchased a new position in VanEck Semiconductor ETF in the 1st quarter valued at approximately $42,000. Finally, SouthState Corp purchased a new position in VanEck Semiconductor ETF in the 1st quarter valued at approximately $44,000.

VanEck Semiconductor ETF Trading Up 0.0%

VanEck Semiconductor ETF stock opened at $307.21 on Wednesday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $308.67. The stock’s fifty day simple moving average is $292.79 and its 200-day simple moving average is $253.20. The firm has a market capitalization of $28.37 billion, a P/E ratio of 34.83 and a beta of 1.35.

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.