Richards Merrill & Peterson Inc. Buys 1,185 Shares of VanEck Semiconductor ETF $SMH

Richards Merrill & Peterson Inc. boosted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 102.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,341 shares of the company’s stock after acquiring an additional 1,185 shares during the period. Richards Merrill & Peterson Inc.’s holdings in VanEck Semiconductor ETF were worth $898,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SMH. WealthCollab LLC purchased a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth $28,000. Investment Counsel Co. of Nevada purchased a new position in shares of VanEck Semiconductor ETF during the 4th quarter valued at $35,000. Core Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF in the 4th quarter worth $36,000. Jessup Wealth Management Inc bought a new position in VanEck Semiconductor ETF in the 4th quarter worth $40,000. Finally, CENTRAL TRUST Co increased its stake in VanEck Semiconductor ETF by 66.7% in the 4th quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after buying an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 7.0%

NASDAQ:SMH opened at $622.05 on Wednesday. The business’s 50-day simple moving average is $559.97 and its two-hundred day simple moving average is $449.76. VanEck Semiconductor ETF has a 52 week low of $265.74 and a 52 week high of $671.83. The stock has a market cap of $72.28 billion, a PE ratio of 34.83 and a beta of 1.72.

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.