Clare Market Investments LLC Invests $235,000 in VanEck Semiconductor ETF $SMH

Clare Market Investments LLC purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 2nd quarter, HoldingsChannel reports. The fund purchased 844 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in VanEck Semiconductor ETF by 46.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after acquiring an additional 907,073 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in VanEck Semiconductor ETF by 48.1% in the first quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after acquiring an additional 161,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in VanEck Semiconductor ETF by 24.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock worth $94,589,000 after acquiring an additional 87,395 shares in the last quarter. Cetera Investment Advisers grew its position in VanEck Semiconductor ETF by 4.8% in the first quarter. Cetera Investment Advisers now owns 389,916 shares of the company’s stock worth $82,455,000 after acquiring an additional 17,940 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in VanEck Semiconductor ETF by 3.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 356,017 shares of the company’s stock worth $75,287,000 after acquiring an additional 12,811 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $316.97 on Friday. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $318.62. The firm has a fifty day moving average of $293.77 and a 200 day moving average of $254.21. The firm has a market capitalization of $29.27 billion, a PE ratio of 34.83 and a beta of 1.35.

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.