GC Wealth Management RIA LLC Acquires New Holdings in VanEck Semiconductor ETF $SMH

GC Wealth Management RIA LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,345 shares of the company’s stock, valued at approximately $375,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $25,000. UMB Bank n.a. bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $28,000. Banque Transatlantique SA bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter worth about $27,000. Arlington Trust Co LLC raised its position in shares of VanEck Semiconductor ETF by 775.0% during the 1st quarter. Arlington Trust Co LLC now owns 175 shares of the company’s stock worth $37,000 after buying an additional 155 shares in the last quarter. Finally, Avalon Trust Co bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter worth about $42,000.

VanEck Semiconductor ETF Trading Up 2.2%

SMH stock opened at $333.69 on Thursday. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $334.11. The company has a market capitalization of $30.81 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. The firm’s 50-day moving average is $299.95 and its two-hundred day moving average is $260.49.

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.