Petredis Investment Advisors LLC increased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 2.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,188 shares of the company’s stock after purchasing an additional 1,161 shares during the period. VanEck Semiconductor ETF comprises about 1.4% of Petredis Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. Petredis Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $17,708,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SMH. WealthCollab LLC bought a new position in VanEck Semiconductor ETF during the 4th quarter valued at about $28,000. Investment Counsel Co. of Nevada bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth approximately $35,000. Core Wealth Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth approximately $36,000. Jessup Wealth Management Inc bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth approximately $40,000. Finally, CENTRAL TRUST Co raised its holdings in shares of VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock valued at $43,000 after purchasing an additional 48 shares during the last quarter.
VanEck Semiconductor ETF Price Performance
Shares of VanEck Semiconductor ETF stock opened at $659.88 on Monday. The company has a market cap of $76.67 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. The company’s 50 day moving average is $551.49 and its 200 day moving average is $445.76. VanEck Semiconductor ETF has a twelve month low of $257.12 and a twelve month high of $663.80.
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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