Meridian Wealth Management LLC Has $1.57 Million Stake in VanEck Semiconductor ETF $SMH

Meridian Wealth Management LLC decreased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 91.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,643 shares of the company’s stock after selling 62,096 shares during the quarter. Meridian Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Foundations Investment Advisors LLC increased its stake in shares of VanEck Semiconductor ETF by 46.0% in the second quarter. Foundations Investment Advisors LLC now owns 7,848 shares of the company’s stock valued at $2,189,000 after buying an additional 2,471 shares in the last quarter. AJ Advisors LLC acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth about $6,935,000. Evolution Wealth Advisors LLC grew its holdings in VanEck Semiconductor ETF by 29.2% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 5,086 shares of the company’s stock worth $1,418,000 after acquiring an additional 1,150 shares during the last quarter. Allianz SE bought a new stake in VanEck Semiconductor ETF during the 2nd quarter worth about $55,524,000. Finally, Smithfield Trust Co increased its position in VanEck Semiconductor ETF by 16.6% in the 2nd quarter. Smithfield Trust Co now owns 253 shares of the company’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 0.0%

Shares of NASDAQ SMH opened at $344.98 on Monday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $372.78. The company has a 50-day moving average of $335.95 and a two-hundred day moving average of $293.54. The company has a market cap of $34.63 billion, a PE ratio of 34.83 and a beta of 1.52.

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.