Richards Merrill & Peterson Inc. grew its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 102.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,341 shares of the company’s stock after buying an additional 1,185 shares during the period. Richards Merrill & Peterson Inc.’s holdings in VanEck Semiconductor ETF were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp lifted its stake in VanEck Semiconductor ETF by 30.9% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,906 shares of the company’s stock worth $731,000 after purchasing an additional 450 shares in the last quarter. WealthBridge Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the first quarter valued at about $1,393,000. Total Clarity Wealth Management Inc. grew its position in shares of VanEck Semiconductor ETF by 1.1% during the first quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock valued at $984,000 after purchasing an additional 27 shares in the last quarter. Discipline Wealth Solutions LLC bought a new stake in shares of VanEck Semiconductor ETF in the first quarter worth about $208,000. Finally, Outlook Wealth Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF by 7.2% in the first quarter. Outlook Wealth Advisors LLC now owns 1,153 shares of the company’s stock worth $442,000 after purchasing an additional 77 shares during the last quarter.
VanEck Semiconductor ETF Trading Down 7.0%
NASDAQ:SMH opened at $622.05 on Wednesday. The business’s 50-day moving average is $559.97 and its 200 day moving average is $449.76. VanEck Semiconductor ETF has a 12 month low of $265.74 and a 12 month high of $671.83. The company has a market capitalization of $72.28 billion, a P/E ratio of 34.83 and a beta of 1.72.
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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