VanEck Semiconductor ETF $SMH Stock: International Assets Investment Management LLC Raises Position

International Assets Investment Management LLC grew its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 749.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after buying an additional 88,228 shares during the period. International Assets Investment Management LLC owned 0.08% of VanEck Semiconductor ETF worth $60,900,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SMH. Renaissance Technologies LLC purchased a new stake in VanEck Semiconductor ETF in the first quarter valued at $141,661,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in VanEck Semiconductor ETF by 107.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after acquiring an additional 295,000 shares in the last quarter. GoalVest Advisory LLC boosted its stake in VanEck Semiconductor ETF by 290,983.3% in the third quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock valued at $106,362,000 after acquiring an additional 174,590 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after purchasing an additional 133,601 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $47,903,000.

VanEck Semiconductor ETF Stock Performance

SMH opened at $522.49 on Friday. The business’s 50-day simple moving average is $572.62 and its 200-day simple moving average is $518.19. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83. The stock has a market capitalization of $66.59 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.