SteelPeak Wealth LLC Grows Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

SteelPeak Wealth LLC raised its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 159.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,587 shares of the company’s stock after buying an additional 7,118 shares during the quarter. SteelPeak Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $2,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SMH. Piscataqua Savings Bank raised its stake in VanEck Semiconductor ETF by 1.0% in the second quarter. Piscataqua Savings Bank now owns 4,050 shares of the company’s stock worth $1,056,000 after buying an additional 41 shares in the last quarter. Allworth Financial LP grew its holdings in shares of VanEck Semiconductor ETF by 5.1% during the 3rd quarter. Allworth Financial LP now owns 892 shares of the company’s stock worth $219,000 after acquiring an additional 43 shares during the period. Macroview Investment Management LLC raised its position in shares of VanEck Semiconductor ETF by 21.5% in the 2nd quarter. Macroview Investment Management LLC now owns 271 shares of the company’s stock worth $71,000 after acquiring an additional 48 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in shares of VanEck Semiconductor ETF by 2.9% in the 3rd quarter. WealthCare Investment Partners LLC now owns 1,856 shares of the company’s stock valued at $461,000 after purchasing an additional 52 shares during the period. Finally, Choreo LLC boosted its position in shares of VanEck Semiconductor ETF by 1.1% during the first quarter. Choreo LLC now owns 4,891 shares of the company’s stock valued at $1,100,000 after purchasing an additional 54 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

SMH stock traded down $5.28 during midday trading on Wednesday, hitting $251.64. The stock had a trading volume of 2,926,954 shares, compared to its average volume of 8,097,698. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The business has a 50-day moving average of $242.91 and a two-hundred day moving average of $242.22. VanEck Semiconductor ETF has a 52-week low of $136.10 and a 52-week high of $283.07.

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.