Palumbo Wealth Management LLC Acquires Shares of 759 VanEck Semiconductor ETF $SMH

Palumbo Wealth Management LLC acquired a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 759 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also bought and sold shares of SMH. Northern Trust Corp lifted its stake in VanEck Semiconductor ETF by 7.5% during the 4th quarter. Northern Trust Corp now owns 5,192 shares of the company’s stock valued at $1,257,000 after acquiring an additional 360 shares during the period. Centaurus Financial Inc. increased its holdings in shares of VanEck Semiconductor ETF by 7.4% during the 4th quarter. Centaurus Financial Inc. now owns 11,220 shares of the company’s stock valued at $2,717,000 after purchasing an additional 773 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of VanEck Semiconductor ETF by 16.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,601 shares of the company’s stock valued at $6,684,000 after purchasing an additional 3,985 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of VanEck Semiconductor ETF by 20.2% during the 1st quarter. Marcum Wealth LLC now owns 1,069 shares of the company’s stock valued at $226,000 after purchasing an additional 180 shares in the last quarter. Finally, Kera Capital Partners Inc. increased its holdings in shares of VanEck Semiconductor ETF by 2.2% during the 1st quarter. Kera Capital Partners Inc. now owns 2,842 shares of the company’s stock valued at $601,000 after purchasing an additional 62 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $321.06 on Friday. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. The company has a 50 day moving average price of $296.91 and a 200-day moving average price of $257.57. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $325.36.

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.