Wealthfront Advisers LLC increased its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 16.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,077 shares of the company’s stock after buying an additional 12,177 shares during the quarter. Wealthfront Advisers LLC owned about 0.09% of VanEck Semiconductor ETF worth $24,284,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SMH. Darden Wealth Group Inc lifted its holdings in shares of VanEck Semiconductor ETF by 2.7% in the 2nd quarter. Darden Wealth Group Inc now owns 3,375 shares of the company’s stock worth $941,000 after acquiring an additional 90 shares during the last quarter. Brighton Jones LLC bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at about $413,000. Burke & Herbert Bank & Trust Co. raised its position in VanEck Semiconductor ETF by 3.5% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 8,580 shares of the company’s stock worth $2,393,000 after purchasing an additional 290 shares during the period. Brian Low Financial Group LLC bought a new stake in VanEck Semiconductor ETF in the second quarter worth about $864,000. Finally, BIP Wealth LLC bought a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $209,000.
VanEck Semiconductor ETF Stock Performance
Shares of SMH stock opened at $351.14 on Friday. The stock has a 50 day moving average price of $316.56 and a 200 day moving average price of $276.16. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $352.94. The firm has a market capitalization of $34.99 billion, a P/E ratio of 34.83 and a beta of 1.35.
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.
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