Peterson Wealth Management trimmed its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 10.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,356 shares of the company’s stock after selling 1,738 shares during the quarter. VanEck Semiconductor ETF comprises about 2.3% of Peterson Wealth Management’s portfolio, making the stock its 18th biggest holding. Peterson Wealth Management’s holdings in VanEck Semiconductor ETF were worth $3,742,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in VanEck Semiconductor ETF by 757.1% in the 2nd quarter. Mather Group LLC. now owns 300 shares of the company’s stock worth $78,000 after buying an additional 265 shares during the last quarter. Advance Capital Management Inc. acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth approximately $216,000. Key Client Fiduciary Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth approximately $202,000. Mirador Capital Partners LP acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth approximately $998,000. Finally, QRG Capital Management Inc. acquired a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $325,000.
VanEck Semiconductor ETF Price Performance
Shares of VanEck Semiconductor ETF stock opened at $224.26 on Friday. The stock has a market cap of $20.17 billion, a P/E ratio of 18.82 and a beta of 1.35. The stock’s 50 day simple moving average is $246.47 and its 200-day simple moving average is $235.48. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year 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.
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