SteelPeak Wealth LLC lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,995 shares of the company’s stock after selling 512 shares during the quarter. SteelPeak Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $2,230,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Regency Capital Management Inc. DE purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at $795,000. Belpointe Asset Management LLC grew its holdings in shares of VanEck Semiconductor ETF by 9.4% in the second quarter. Belpointe Asset Management LLC now owns 10,026 shares of the company’s stock worth $2,796,000 after purchasing an additional 858 shares during the last quarter. Valley National Advisers Inc. increased its stake in VanEck Semiconductor ETF by 5.0% in the 2nd quarter. Valley National Advisers Inc. now owns 8,821 shares of the company’s stock worth $2,459,000 after buying an additional 421 shares during the period. Duncan Williams Asset Management LLC purchased a new position in VanEck Semiconductor ETF in the 2nd quarter worth about $7,311,000. Finally, Sage Financial Group Inc. purchased a new position in VanEck Semiconductor ETF in the 2nd quarter worth about $279,000.
VanEck Semiconductor ETF Price Performance
SMH stock opened at $337.05 on Wednesday. The company has a market capitalization of $33.31 billion, a PE ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $348.53. The firm’s 50-day moving average is $303.86 and its 200 day moving average is $263.84.
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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