Evolution Wealth Advisors LLC Has $1.42 Million Position in VanEck Semiconductor ETF $SMH

Evolution Wealth Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 29.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,086 shares of the company’s stock after purchasing an additional 1,150 shares during the period. Evolution Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $1,418,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SMH. Goldman Sachs Group Inc. grew its holdings in shares of VanEck Semiconductor ETF by 46.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after acquiring an additional 907,073 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in VanEck Semiconductor ETF by 3,235,614.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock valued at $126,333,000 after purchasing an additional 452,986 shares in the last quarter. Allianz SE purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $55,524,000. Menora Mivtachim Holdings LTD. increased its position in VanEck Semiconductor ETF by 48.1% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after purchasing an additional 161,350 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its stake in shares of VanEck Semiconductor ETF by 273.2% during the 2nd quarter. Phoenix Financial Ltd. now owns 135,801 shares of the company’s stock worth $37,872,000 after purchasing an additional 99,409 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $344.82 on Friday. The firm has a market cap of $34.62 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The stock has a 50-day simple moving average of $334.92 and a 200-day simple moving average of $291.46. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $372.78.

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.