RMG Wealth Management LLC Makes New $70,000 Investment in VanEck Semiconductor ETF $SMH

RMG Wealth Management LLC acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 241 shares of the company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Delos Wealth Advisors LLC increased its position in VanEck Semiconductor ETF by 0.6% during the 1st quarter. Delos Wealth Advisors LLC now owns 7,402 shares of the company’s stock valued at $1,565,000 after buying an additional 43 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in VanEck Semiconductor ETF by 1.3% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,511 shares of the company’s stock valued at $742,000 after buying an additional 46 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in VanEck Semiconductor ETF by 1.2% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $844,000 after buying an additional 47 shares in the last quarter. GK Wealth Management LLC increased its position in VanEck Semiconductor ETF by 2.6% during the 2nd quarter. GK Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $527,000 after buying an additional 47 shares in the last quarter. Finally, Forte Capital LLC ADV increased its position in VanEck Semiconductor ETF by 3.1% during the 1st quarter. Forte Capital LLC ADV now owns 1,572 shares of the company’s stock valued at $332,000 after buying an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Stock Up 2.0%

SMH stock opened at $343.38 on Tuesday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $348.53. The firm has a market cap of $33.61 billion, a PE ratio of 34.83 and a beta of 1.35. The business has a 50 day moving average of $302.98 and a 200 day moving average of $263.33.

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.