Rik Saylor Financial Inc. Buys Shares of 12,920 VanEck Semiconductor ETF $SMH

Rik Saylor Financial Inc. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,920 shares of the company’s stock, valued at approximately $8,474,000. VanEck Semiconductor ETF comprises 5.4% of Rik Saylor Financial Inc.’s holdings, making the stock its 2nd biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of VanEck Semiconductor ETF by 4.8% in the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after purchasing an additional 109 shares during the period. Empowered Funds LLC boosted its stake in VanEck Semiconductor ETF by 32.5% during the 1st 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 28.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $133,000 after purchasing an additional 106 shares during the period. First Trust Advisors LP bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth $370,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth $1,116,000.

VanEck Semiconductor ETF Stock Up 0.4%

Shares of VanEck Semiconductor ETF stock opened at $552.60 on Friday. The business has a fifty day simple moving average of $574.48 and a 200-day simple moving average of $520.84. VanEck Semiconductor ETF has a fifty-two week low of $284.30 and a fifty-two week high of $671.83. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

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.