Wealth Advisory Team LLC Makes New $388,000 Investment in VanEck Semiconductor ETF $SMH

Wealth Advisory Team LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the second quarter, Holdings Channel reports. The fund purchased 1,391 shares of the company’s stock, valued at approximately $388,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth $227,000. Apollon Financial LLC boosted its position in VanEck Semiconductor ETF by 22.4% during the 2nd quarter. Apollon Financial LLC now owns 4,912 shares of the company’s stock worth $1,370,000 after acquiring an additional 898 shares during the period. Apollon Wealth Management LLC boosted its position in VanEck Semiconductor ETF by 28.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 45,606 shares of the company’s stock worth $12,719,000 after acquiring an additional 9,994 shares during the period. Trust Co. of Toledo NA OH acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Finally, Zullo Investment Group Inc. acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth $263,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $325.34 on Friday. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $348.53. The stock has a fifty day moving average of $306.82 and a two-hundred day moving average of $266.16. The firm has a market capitalization of $32.25 billion, a PE 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.