Gries Financial LLC Invests $544,000 in VanEck Semiconductor ETF $SMH

Gries Financial LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,949 shares of the company’s stock, valued at approximately $544,000.

A number of other institutional investors also recently added to or reduced their stakes in SMH. Armstrong Advisory Group Inc. lifted its holdings in shares of VanEck Semiconductor ETF by 67.3% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,507 shares of the company’s stock valued at $420,000 after buying an additional 606 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in VanEck Semiconductor ETF by 2.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 37,519 shares of the company’s stock valued at $10,463,000 after acquiring an additional 808 shares during the period. Sweeney & Michel LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $230,000. Lewis Asset Management LLC increased its holdings in shares of VanEck Semiconductor ETF by 4.1% in the 2nd quarter. Lewis Asset Management LLC now owns 1,642 shares of the company’s stock valued at $458,000 after purchasing an additional 64 shares in the last quarter. Finally, Flagstar Advisors Inc. lifted its stake in shares of VanEck Semiconductor ETF by 2.2% in the second quarter. Flagstar Advisors Inc. now owns 3,655 shares of the company’s stock valued at $1,019,000 after purchasing an additional 78 shares during the period.

VanEck Semiconductor ETF Trading Down 0.1%

SMH stock opened at $321.70 on Wednesday. The company’s 50-day moving average price is $295.69 and its 200 day moving average price is $256.39. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $325.36. The company has a market cap of $29.71 billion, a P/E ratio of 34.83 and a beta of 1.35.

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.