Marks Wealth LLC Makes New $19.20 Million Investment in VanEck Semiconductor ETF $SMH

Marks Wealth LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,859 shares of the company’s stock, valued at approximately $19,203,000. VanEck Semiconductor ETF comprises approximately 6.2% of Marks Wealth LLC’s investment portfolio, making the stock its 7th largest holding. Marks Wealth LLC owned approximately 0.07% of VanEck Semiconductor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SMH. Grove Bank & Trust purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter worth about $25,000. Banque Transatlantique SA purchased a new position in VanEck Semiconductor ETF during the first quarter valued at approximately $27,000. UMB Bank n.a. purchased a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $28,000. Arlington Trust Co LLC raised its position in VanEck Semiconductor ETF by 775.0% during the first quarter. Arlington Trust Co LLC now owns 175 shares of the company’s stock valued at $37,000 after acquiring an additional 155 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in VanEck Semiconductor ETF during the first quarter valued at approximately $42,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $333.69 on Thursday. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $334.11. The firm’s 50 day simple moving average is $299.95 and its 200-day simple moving average is $260.49.

About VanEck Semiconductor ETF

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.