Payne Capital LLC acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) during the first quarter, Holdings Channel.com reports. The fund acquired 4,846 shares of the company’s stock, valued at approximately $1,858,000. VanEck Semiconductor ETF accounts for approximately 1.7% of Payne Capital LLC’s holdings, making the stock its 20th largest holding.
Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of VanEck Semiconductor ETF by 170.8% during the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after buying an additional 7,678,318 shares during the period. Bank of Nova Scotia boosted its position in shares of VanEck Semiconductor ETF by 24,986.6% in the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after acquiring an additional 752,097 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after acquiring an additional 735,425 shares in the last quarter. Focus Partners Wealth grew its stake in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after acquiring an additional 671,673 shares in the last quarter. Finally, Capital Markets Trading UK LLP grew its stake in VanEck Semiconductor ETF by 100.7% during the third quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after acquiring an additional 617,050 shares in the last quarter.
VanEck Semiconductor ETF Trading Up 2.9%
VanEck Semiconductor ETF stock opened at $636.88 on Friday. VanEck Semiconductor ETF has a 1-year low of $272.16 and a 1-year high of $671.83. The firm has a market capitalization of $74.00 billion, a PE ratio of 34.83 and a beta of 1.72. The firm’s 50 day simple moving average is $567.14 and its 200 day simple moving average is $453.47.
More VanEck Semiconductor ETF News
- Positive Sentiment: Micron’s stronger forecast and Qualcomm’s upbeat AI data-center outlook lifted semiconductor shares, helping push SMH and other chip ETFs higher. Micron’s 19% Rally Sends AI Chip Stocks Surging
- Positive Sentiment: Nvidia’s optimistic outlook reinforced expectations for solid earnings across semiconductor holdings inside SMH. Nvidia’s Upbeat Forecast Lifts SMH’s Earnings Outlook
- Positive Sentiment: Investor commentary from Tom Lee suggested the recent chip sell-off may have been a buying opportunity, citing a strong historical rebound rate after similar one-day drops. Famous Tech Investor Tom Lee: Yesterday’s SMH & SOXX Sell-Off Has Historically Led to an 88% Win Rate the Next Month
- Neutral Sentiment: VanEck launched a new China semiconductor ETF, expanding its chip lineup, though the direct impact on SMH is unclear. VanEck Launches SMHC, Offering Pure-Play Access to China’s Semiconductor Build-Out
- Neutral Sentiment: SK Hynix’s planned U.S. listing could boost interest in memory-chip exposure, but it may also shift demand among related funds rather than directly affecting SMH. SK Hynix to raise $29.4B in US listing: How it may impact the AI memory chip trade
- Negative Sentiment: One article highlighted a rise in short-interest discussion and the possibility of continued volatility in semiconductor stocks, which can weigh on trader sentiment even when the actual reported short interest was essentially zero. Here’s what happened after 17 other one-day plunges in semiconductor stocks over the last 15 years
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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