FRG Family Wealth Advisors LLC Boosts Stock Position in VanEck Semiconductor ETF $SMH

FRG Family Wealth Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 60.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,203 shares of the company’s stock after purchasing an additional 3,095 shares during the period. FRG Family Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $2,288,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SMH. Goldman Sachs Group Inc. boosted its stake in VanEck Semiconductor ETF by 46.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after purchasing an additional 907,073 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in VanEck Semiconductor ETF by 3,235,614.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock valued at $126,333,000 after purchasing an additional 452,986 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in VanEck Semiconductor ETF by 48.1% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after purchasing an additional 161,350 shares during the last quarter. Phoenix Financial Ltd. boosted its stake in VanEck Semiconductor ETF by 273.2% during the 2nd quarter. Phoenix Financial Ltd. now owns 135,801 shares of the company’s stock valued at $37,872,000 after purchasing an additional 99,409 shares during the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in VanEck Semiconductor ETF by 26.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock valued at $132,605,000 after purchasing an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 1.5%

Shares of SMH opened at $368.61 on Thursday. The business’s fifty day simple moving average is $320.86 and its two-hundred day simple moving average is $279.99. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $372.78. The company has a market cap of $36.60 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

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.