Piedmont Capital Management LLC Invests $10.87 Million in VanEck Semiconductor ETF $SMH

Piedmont Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,512 shares of the company’s stock, valued at approximately $10,867,000. VanEck Semiconductor ETF accounts for approximately 5.5% of Piedmont Capital Management LLC’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors have also bought and sold shares of the stock. Berger Financial Group Inc increased its stake in VanEck Semiconductor ETF by 1.3% during the 1st quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after buying an additional 21 shares during the period. Goodman Advisory Group LLC lifted its stake in shares of VanEck Semiconductor ETF by 7.8% in the 1st quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after acquiring an additional 23 shares during the period. Howe & Rusling Inc. lifted its stake in shares of VanEck Semiconductor ETF by 4.3% in the 1st quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after acquiring an additional 25 shares during the period. Brooklyn Investment Group boosted its holdings in shares of VanEck Semiconductor ETF by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock valued at $434,000 after acquiring an additional 26 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its holdings in shares of VanEck Semiconductor ETF by 1.1% in the first quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock valued at $984,000 after acquiring an additional 27 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $556.63 on Tuesday. VanEck Semiconductor ETF has a 12 month low of $281.74 and a 12 month high of $671.83. The firm has a market capitalization of $69.93 billion, a PE ratio of 34.83 and a beta of 1.73. The company’s 50 day simple moving average is $579.03 and its 200 day simple moving average is $517.88.

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.