VanEck Semiconductor ETF $SMH Shares Newly Purchased by Wavvest Wealth LLC

Wavvest Wealth LLC acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,061 shares of the company’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new position in VanEck Semiconductor ETF during the second quarter worth about $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $30,000. Timbuktu Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $33,000. Alpine Bank Wealth Management purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $39,000. Finally, Trust Co. of Vermont purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $46,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $556.70 on Thursday. The company has a 50 day simple moving average of $577.20 and a 200-day simple moving average of $565.50. The company has a market capitalization of $67.74 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83.

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.