VanEck Semiconductor ETF $SMH Shares Newly Acquired by Wavvest Wealth LLC

Wavvest Wealth LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,061 shares of the company’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Meitav Investment House Ltd. boosted its position in 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 acquiring an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after buying an additional 295,000 shares in the last quarter. Cetera Investment Advisers lifted its position in VanEck Semiconductor ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after buying an additional 16,810 shares in the last quarter. Renaissance Technologies LLC purchased a new position in VanEck Semiconductor ETF during the first quarter worth approximately $141,661,000. Finally, GoalVest Advisory LLC lifted its position in VanEck Semiconductor ETF by 290,983.3% during the third quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock worth $106,362,000 after buying an additional 174,590 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $556.70 on Thursday. The stock’s fifty day moving average is $577.20 and its two-hundred day moving average is $565.50. The firm has a market capitalization of $67.74 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83.

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.