SteelPeak Wealth LLC Decreases Stake in VanEck Semiconductor ETF $SMH

SteelPeak Wealth LLC reduced its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,926 shares of the company’s stock after selling 1,409 shares during the period. SteelPeak Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $2,272,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in VanEck Semiconductor ETF by 170.8% during the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares during the last quarter. Morgan Stanley increased its stake in shares of VanEck Semiconductor ETF by 4.8% in the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after acquiring an additional 121,815 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after purchasing an additional 735,425 shares during the last quarter. Meitav Investment House Ltd. raised its holdings in shares of VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after purchasing an additional 133,601 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the period.

Key Stories Impacting VanEck Semiconductor ETF

Here are the key news stories impacting VanEck Semiconductor ETF this week:

• Positive Sentiment: Despite the recent pullback in semiconductors, investors poured about $25 billion into semiconductor ETFs, suggesting continued long-term demand for the sector. Investors Pour $25B Into Semiconductor ETFs as DRAM Plunges 40%
• Positive Sentiment: Some investors still see the AI chip buildout as early-stage, with commentary suggesting the next leg of AI infrastructure spending could support semiconductor ETFs like SMH. Think the AI Bull Market Is Just Getting Started? These 3 ETFs Are Positioned for the Next Leg
• Neutral Sentiment: Unusually heavy put buying in SMH points to hedging or bearish positioning, but it could also reflect traders protecting profits after the sector’s strong run.
• Negative Sentiment: Chip stocks extended losses as markets reassessed the AI-driven rally, weighing on semiconductor ETFs and dragging broader tech sentiment lower. Dow sinks 480 points as AI selloff deepens, chip stocks extend losses
• Negative Sentiment: Pre-market weakness in tech and chip stocks added to the downside, with futures pointing lower as traders worried about heavy semiconductor capital spending and valuation risk. Chip Sector Weighs on Wall Street Pre-Bell; Asia, Europe Down
• Negative Sentiment: Reports that South Korean regulators searched Chinese chipmaker Montage Technology in a competition probe add another layer of regulatory uncertainty for parts of the semiconductor supply chain. South Korea searches Chinese chipmaker Montage Technology’s office in competition probe

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $556.53 on Friday. VanEck Semiconductor ETF has a one year low of $279.19 and a one year high of $671.83. The firm has a market cap of $66.61 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. The firm’s fifty day moving average is $600.25 and its two-hundred day moving average is $479.70.

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.