Richmond Investment Services LLC Purchases 17,761 Shares of VanEck Semiconductor ETF $SMH

Richmond Investment Services LLC grew its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 99.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,580 shares of the company’s stock after buying an additional 17,761 shares during the quarter. VanEck Semiconductor ETF makes up about 2.2% of Richmond Investment Services LLC’s investment portfolio, making the stock its 11th biggest position. Richmond Investment Services LLC’s holdings in VanEck Semiconductor ETF were worth $13,645,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. WealthCollab LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth approximately $28,000. Investment Counsel Co. of Nevada acquired a new position in VanEck Semiconductor ETF in the fourth quarter worth $35,000. Core Wealth Advisors LLC acquired a new position in VanEck Semiconductor ETF in the fourth quarter worth $36,000. Jessup Wealth Management Inc bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth $40,000. Finally, CENTRAL TRUST Co grew its holdings in shares of 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 purchasing an additional 48 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $581.45 on Wednesday. The business has a fifty day moving average of $589.63 and a 200-day moving average of $467.62. VanEck Semiconductor ETF has a twelve month low of $279.19 and a twelve month high of $671.83. The firm has a market cap of $68.72 billion, a PE ratio of 34.83 and a beta of 1.71.

VanEck Semiconductor ETF News Summary

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

• Positive Sentiment: SMH pulled in about $1.8 billion in daily inflows, showing that investors are still putting fresh money to work in semiconductor exposure. Daily ETF Flows: SMH Pulls In $1.8B
• Positive Sentiment: One article noted SMH has been a standout performer this year, reinforcing the ETF’s strong momentum despite recent volatility. VanEck Semiconductor ETF Is Up 64% This Year and Doesn’t Own a Single Share of Apple
• Neutral Sentiment: SK Hynix’s planned U.S. listing could benefit semiconductor and chip-related ETFs, including SMH, by increasing investor attention on the memory-chip space. SK Hynix Eyes Massive U.S. Listing: ETFs That Are Likely to Gain
• Neutral Sentiment: Analysts said the AI rally may broaden from chipmakers to hyperscalers and other sectors, which could cap near-term enthusiasm for semiconductors if capital rotates away from hardware stocks. AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
• Negative Sentiment: Recent weakness in semiconductor shares and hedge-fund selling pressure suggest investors are trimming chip exposure ahead of earnings, weighing on SMH. Hedge funds dumped chip stocks for a fourth week as AI shares sold off
• Negative Sentiment: Memory-chip weakness after Samsung earnings raised concerns about DRAM and HBM demand, a potential headwind for semiconductor ETFs with memory exposure. DRAM ETF falls 6.5% after Samsung earnings as expert warns on memory stocks

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.