Rehmann Capital Advisory Group Takes Position in VanEck Semiconductor ETF $SMH

Rehmann Capital Advisory Group bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,667 shares of the company’s stock, valued at approximately $28,641,000. VanEck Semiconductor ETF comprises 1.2% of Rehmann Capital Advisory Group’s portfolio, making the stock its 13th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Berger Financial Group Inc boosted its position in shares of VanEck Semiconductor ETF by 1.3% during the first 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 raised its holdings in shares of VanEck Semiconductor ETF by 7.8% in the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after buying an additional 23 shares during the period. Howe & Rusling Inc. raised its holdings in shares of VanEck Semiconductor ETF by 4.3% in the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after buying an additional 25 shares during the period. Brooklyn Investment Group raised 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 worth $434,000 after buying an additional 26 shares during the period. Finally, Total Clarity Wealth Management Inc. lifted its stake in shares of VanEck Semiconductor ETF by 1.1% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock worth $984,000 after acquiring an additional 27 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 0.6%

SMH opened at $556.63 on Tuesday. The business has a fifty day moving average of $579.03 and a 200 day moving average of $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 P/E ratio of 34.83 and a beta of 1.73.

VanEck Semiconductor ETF 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.