Belpointe Asset Management LLC increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,026 shares of the company’s stock after buying an additional 858 shares during the quarter. Belpointe Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,796,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SMH. Grove Bank & Trust bought a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $25,000. Banque Transatlantique SA bought a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth $27,000. UMB Bank n.a. acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at $28,000. Hilltop National Bank acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at $28,000. Finally, Arlington Trust Co LLC increased its stake in VanEck Semiconductor ETF by 775.0% during the 1st quarter. Arlington Trust Co LLC now owns 175 shares of the company’s stock valued at $37,000 after purchasing an additional 155 shares in the last quarter.
VanEck Semiconductor ETF Trading Up 2.0%
SMH opened at $343.38 on Tuesday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $348.53. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. The company’s fifty day moving average price is $302.98 and its two-hundred day moving average price is $263.33.
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.
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