Penobscot Investment Management Company Inc. Has $8.84 Million Stock Holdings in VanEck Semiconductor ETF $SMH

Penobscot Investment Management Company Inc. lowered its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,705 shares of the company’s stock after selling 950 shares during the period. Penobscot Investment Management Company Inc.’s holdings in VanEck Semiconductor ETF were worth $8,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dynamic Advisor Solutions LLC bought a new position in VanEck Semiconductor ETF in the first quarter valued at about $913,000. M&T Bank Corp boosted its stake in shares of VanEck Semiconductor ETF by 7.2% in the 1st quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock valued at $339,000 after purchasing an additional 107 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of VanEck Semiconductor ETF by 19.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock valued at $8,718,000 after purchasing an additional 5,092 shares during the last quarter. Fifth Third Bancorp increased its position in VanEck Semiconductor ETF by 188.5% during the 2nd quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock worth $84,000 after purchasing an additional 196 shares in the last quarter. Finally, Blue Trust Inc. increased its position in VanEck Semiconductor ETF by 103.7% during the 1st quarter. Blue Trust Inc. now owns 275 shares of the company’s stock worth $58,000 after purchasing an additional 140 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $336.68 on Friday. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $340.78. The company has a market cap of $32.96 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. The firm has a 50 day simple moving average of $301.94 and a 200 day simple moving average of $262.01.

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.