VanEck Semiconductor ETF $SMH Shares Purchased by Meridian Wealth Management LLC

Meridian Wealth Management LLC increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 44.4% during the 4th quarter, Holdings Channel reports. The fund owned 11,967 shares of the company’s stock after purchasing an additional 3,679 shares during the quarter. Meridian Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $4,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Money Concepts Capital Corp grew its holdings in VanEck Semiconductor ETF by 36.7% during the fourth quarter. Money Concepts Capital Corp now owns 18,465 shares of the company’s stock worth $6,650,000 after acquiring an additional 4,958 shares during the period. American Institute for Advanced Investment Management LLP grew its holdings in VanEck Semiconductor ETF by 1.3% during the fourth quarter. American Institute for Advanced Investment Management LLP now owns 4,047 shares of the company’s stock worth $1,462,000 after acquiring an additional 53 shares during the period. Trek Financial LLC grew its holdings in VanEck Semiconductor ETF by 51.7% during the fourth quarter. Trek Financial LLC now owns 1,355 shares of the company’s stock worth $488,000 after acquiring an additional 462 shares during the period. Horizon Wealth Management LLC grew its holdings in VanEck Semiconductor ETF by 14.1% during the fourth quarter. Horizon Wealth Management LLC now owns 40,707 shares of the company’s stock worth $14,660,000 after acquiring an additional 5,016 shares during the period. Finally, Colonial River Investments LLC acquired a new stake in VanEck Semiconductor ETF during the fourth quarter worth about $586,000.

VanEck Semiconductor ETF Stock Down 2.6%

VanEck Semiconductor ETF stock opened at $561.25 on Wednesday. The firm has a market cap of $65.21 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a 52 week low of $234.59 and a 52 week high of $578.06. The business’s 50-day moving average price is $436.70 and its 200 day moving average price is $396.92.

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.