Emergent Wealth Advisors LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,319 shares of the company’s stock, valued at approximately $1,521,000. VanEck Semiconductor ETF comprises approximately 0.8% of Emergent Wealth Advisors LLC’s portfolio, making the stock its 26th biggest position.
Several other hedge funds also recently bought and sold shares of the business. Peak Planning Group LLC purchased a new position in VanEck Semiconductor ETF during the 4th quarter worth $3,007,000. WealthBridge Capital Management LLC bought a new stake in VanEck Semiconductor ETF during the 1st quarter valued at $1,393,000. Kane Investment Management Inc. raised its position in VanEck Semiconductor ETF by 66.7% during the 4th quarter. Kane Investment Management Inc. now owns 2,689 shares of the company’s stock valued at $968,000 after purchasing an additional 1,076 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth $1,962,000. Finally, Petredis Investment Advisors LLC lifted its holdings in shares of VanEck Semiconductor ETF by 2.6% in the 1st quarter. Petredis Investment Advisors LLC now owns 46,188 shares of the company’s stock worth $17,708,000 after buying an additional 1,161 shares during the period.
VanEck Semiconductor ETF Trading Down 2.0%
SMH opened at $545.22 on Wednesday. VanEck Semiconductor ETF has a 12-month low of $281.74 and a 12-month high of $671.83. The business’s fifty day simple moving average is $577.50 and its 200-day simple moving average is $518.80. The company has a market capitalization of $68.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.
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.
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