VanEck Semiconductor ETF $SMH Position Increased by Pachira Investments Inc.

Pachira Investments Inc. raised its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 68.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,580 shares of the company’s stock after buying an additional 5,917 shares during the period. VanEck Semiconductor ETF comprises 2.6% of Pachira Investments Inc.’s holdings, making the stock its 17th largest position. Pachira Investments Inc.’s holdings in VanEck Semiconductor ETF were worth $5,251,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in VanEck Semiconductor ETF by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock worth $10,921,000 after buying an additional 1,666 shares during the last quarter. Flagstar Advisors Inc. increased its holdings in VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after buying an additional 2,396 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in VanEck Semiconductor ETF in the third quarter worth approximately $1,934,000. Element Wealth LLC acquired a new position in VanEck Semiconductor ETF in the third quarter worth approximately $515,000. Finally, Mezzasalma Advisors LLC increased its holdings in VanEck Semiconductor ETF by 67.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after buying an additional 6,130 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $509.82 on Monday. The stock’s 50 day moving average price is $420.20 and its 200 day moving average price is $388.07. VanEck Semiconductor ETF has a 52 week low of $212.84 and a 52 week high of $511.99. The company has a market capitalization of $59.24 billion, a P/E ratio of 34.83 and a beta of 1.70.

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.