Summit Financial LLC Boosts Holdings in VanEck Semiconductor ETF $SMH

Summit Financial LLC increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,486 shares of the company’s stock after buying an additional 1,412 shares during the period. Summit Financial LLC owned about 0.07% of VanEck Semiconductor ETF worth $26,104,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthCollab LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter worth about $28,000. Investment Counsel Co. of Nevada purchased a new stake in VanEck Semiconductor ETF during the fourth quarter worth about $35,000. Core Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter worth about $36,000. Jessup Wealth Management Inc purchased a new stake in VanEck Semiconductor ETF during the fourth quarter worth about $40,000. Finally, CENTRAL TRUST Co increased its holdings in VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after buying an additional 48 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $619.96 on Friday. VanEck Semiconductor ETF has a 52-week low of $256.05 and a 52-week high of $642.77. The company has a 50-day simple moving average of $527.42 and a 200 day simple moving average of $434.76. The company has a market capitalization of $72.03 billion, a PE ratio of 34.83 and a beta of 1.72.

VanEck Semiconductor ETF Company 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.