Ellis Investment Partners LLC Takes Position in VanEck Semiconductor ETF $SMH

Ellis Investment Partners LLC acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,579 shares of the company’s stock, valued at approximately $440,000.

Several other large investors have also recently added to or reduced their stakes in SMH. Goldman Sachs Group Inc. lifted its stake in VanEck Semiconductor ETF by 46.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after purchasing an additional 907,073 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in shares of VanEck Semiconductor ETF by 48.1% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after buying an additional 161,350 shares during the period. Meitav Investment House Ltd. boosted its holdings in shares of VanEck Semiconductor ETF by 26.0% in the 2nd quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock valued at $132,605,000 after buying an additional 97,941 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of VanEck Semiconductor ETF by 24.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock valued at $94,589,000 after buying an additional 87,395 shares during the period. Finally, Jump Financial LLC boosted its holdings in shares of VanEck Semiconductor ETF by 160.7% in the 1st quarter. Jump Financial LLC now owns 116,164 shares of the company’s stock valued at $24,565,000 after buying an additional 71,610 shares during the period.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $325.34 on Monday. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $348.53. The company has a 50-day simple moving average of $306.82 and a 200-day simple moving average of $266.50. 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.