Payne Capital LLC Purchases New Stake in VanEck Semiconductor ETF $SMH

Payne Capital LLC acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,846 shares of the company’s stock, valued at approximately $1,858,000. VanEck Semiconductor ETF accounts for about 1.7% of Payne Capital LLC’s portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. AQR Capital Management LLC grew its stake in shares of VanEck Semiconductor ETF by 4.8% during the 1st quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after acquiring an additional 109 shares during the period. Empowered Funds LLC lifted its holdings in VanEck Semiconductor ETF by 32.5% during the first quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after purchasing an additional 2,890 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in VanEck Semiconductor ETF by 28.6% during the second quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $133,000 after purchasing an additional 106 shares during the period. First Trust Advisors LP bought a new position in VanEck Semiconductor ETF during the second quarter worth about $370,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $1,116,000.

VanEck Semiconductor ETF News Summary

Here are the key news stories impacting VanEck Semiconductor ETF this week:

• Positive Sentiment: Micron’s stronger forecast and Qualcomm’s upbeat AI data-center outlook lifted semiconductor shares, helping push SMH and other chip ETFs higher. Micron’s 19% Rally Sends AI Chip Stocks Surging
• Positive Sentiment: Nvidia’s optimistic outlook reinforced expectations for solid earnings across semiconductor holdings inside SMH. Nvidia’s Upbeat Forecast Lifts SMH’s Earnings Outlook
• Positive Sentiment: Investor commentary from Tom Lee suggested the recent chip sell-off may have been a buying opportunity, citing a strong historical rebound rate after similar one-day drops. Famous Tech Investor Tom Lee: Yesterday’s SMH & SOXX Sell-Off Has Historically Led to an 88% Win Rate the Next Month
• Neutral Sentiment: VanEck launched a new China semiconductor ETF, expanding its chip lineup, though the direct impact on SMH is unclear. VanEck Launches SMHC, Offering Pure-Play Access to China’s Semiconductor Build-Out
• Neutral Sentiment: SK Hynix’s planned U.S. listing could boost interest in memory-chip exposure, but it may also shift demand among related funds rather than directly affecting SMH. SK Hynix to raise $29.4B in US listing: How it may impact the AI memory chip trade
• Negative Sentiment: One article highlighted a rise in short-interest discussion and the possibility of continued volatility in semiconductor stocks, which can weigh on trader sentiment even when the actual reported short interest was essentially zero. Here’s what happened after 17 other one-day plunges in semiconductor stocks over the last 15 years

VanEck Semiconductor ETF Stock Up 2.9%

NASDAQ SMH opened at $636.88 on Friday. The company’s 50 day moving average is $567.14 and its 200-day moving average is $453.47. VanEck Semiconductor ETF has a 12-month low of $272.16 and a 12-month high of $671.83. The firm has a market cap of $74.00 billion, a P/E ratio of 34.83 and a beta of 1.72.

About VanEck Semiconductor ETF

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.