Wealthspire Advisors LLC Acquires 2,943 Shares of VanEck Semiconductor ETF $SMH

Wealthspire Advisors LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 292.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,951 shares of the company’s stock after acquiring an additional 2,943 shares during the period. Wealthspire Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. Allianz Asset Management GmbH acquired a new stake in shares of VanEck Semiconductor ETF during the 1st quarter worth about $5,583,000. Choreo LLC lifted its position in VanEck Semiconductor ETF by 0.8% during the first quarter. Choreo LLC now owns 7,574 shares of the company’s stock worth $1,602,000 after acquiring an additional 61 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in VanEck Semiconductor ETF by 79.8% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 28,410 shares of the company’s stock worth $6,008,000 after acquiring an additional 12,607 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of VanEck Semiconductor ETF by 10.2% during the first quarter. AE Wealth Management LLC now owns 18,420 shares of the company’s stock worth $3,895,000 after acquiring an additional 1,709 shares during the period. Finally, Carnegie Investment Counsel boosted its holdings in shares of VanEck Semiconductor ETF by 11.6% during the first quarter. Carnegie Investment Counsel now owns 2,902 shares of the company’s stock worth $614,000 after acquiring an additional 302 shares during the period.

VanEck Semiconductor ETF Trading Down 4.3%

Shares of NASDAQ SMH opened at $324.77 on Friday. The firm has a market cap of $32.60 billion, a P/E ratio of 34.83 and a beta of 1.52. The business’s 50 day moving average is $338.73 and its 200-day moving average is $295.76. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $372.78.

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.