Main Management LLC raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 4.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 312,654 shares of the company’s stock after buying an additional 14,233 shares during the quarter. VanEck Semiconductor ETF makes up about 6.9% of Main Management LLC’s holdings, making the stock its 6th largest holding. Main Management LLC’s holdings in VanEck Semiconductor ETF were worth $87,193,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Grove Bank & Trust bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter valued at about $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth approximately $25,000. Banque Transatlantique SA bought a new stake in VanEck Semiconductor ETF during the first quarter valued at approximately $27,000. UMB Bank n.a. purchased a new stake in VanEck Semiconductor ETF during the second quarter valued at approximately $28,000. Finally, Hilltop National Bank purchased a new stake in VanEck Semiconductor ETF during the second quarter valued at approximately $28,000.
VanEck Semiconductor ETF Price Performance
Shares of VanEck Semiconductor ETF stock opened at $339.44 on Thursday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $372.78. The company’s fifty day simple moving average is $338.31 and its 200-day simple moving average is $295.55. The stock has a market capitalization of $34.08 billion, a PE ratio of 34.83 and a beta of 1.52.
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.
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