Triumph Capital Management increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 1,826.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,338 shares of the company’s stock after purchasing an additional 24,023 shares during the quarter. VanEck Semiconductor ETF comprises about 2.9% of Triumph Capital Management’s portfolio, making the stock its 2nd biggest position. Triumph Capital Management’s holdings in VanEck Semiconductor ETF were worth $16,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Peak Planning Group LLC bought a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $3,007,000. WealthBridge Capital Management LLC bought a new stake in shares of VanEck Semiconductor ETF during the first quarter worth approximately $1,393,000. Petredis Investment Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 2.6% during the first quarter. Petredis Investment Advisors LLC now owns 46,188 shares of the company’s stock worth $17,708,000 after buying an additional 1,161 shares during the last quarter. Kane Investment Management Inc. lifted its holdings in VanEck Semiconductor ETF by 66.7% in the fourth quarter. Kane Investment Management Inc. now owns 2,689 shares of the company’s stock valued at $968,000 after buying an additional 1,076 shares during the period. Finally, Osbon Capital Management LLC acquired a new position in VanEck Semiconductor ETF in the fourth quarter valued at approximately $1,962,000.
VanEck Semiconductor ETF Stock Performance
Shares of SMH stock opened at $556.63 on Tuesday. The firm’s 50 day moving average price is $579.03 and its two-hundred day moving average price is $517.88. VanEck Semiconductor ETF has a 52-week low of $281.74 and a 52-week high of $671.83. The stock has a market cap of $69.93 billion, a PE ratio of 34.83 and a beta of 1.73.
VanEck Semiconductor ETF Company 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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