Fortis Capital Management LLC Boosts Holdings in VanEck Semiconductor ETF $SMH

Fortis Capital Management LLC raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 148.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,652 shares of the company’s stock after purchasing an additional 3,379 shares during the period. Fortis Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,167,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd grew its position in shares of VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after purchasing an additional 295,000 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of VanEck Semiconductor ETF by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 12,982 shares of the company’s stock worth $4,977,000 after buying an additional 2,271 shares in the last quarter. Dale Q Rice Investment Management Ltd purchased a new stake in shares of VanEck Semiconductor ETF in the first quarter worth $209,000. Cassaday & Co Wealth Management LLC bought a new stake in VanEck Semiconductor ETF during the first quarter valued at $157,000. Finally, JSF Financial LLC boosted its stake in VanEck Semiconductor ETF by 2.7% during the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock valued at $411,000 after buying an additional 28 shares during the period.

VanEck Semiconductor ETF Stock Up 4.5%

VanEck Semiconductor ETF stock opened at $584.08 on Wednesday. VanEck Semiconductor ETF has a 52 week low of $279.19 and a 52 week high of $671.83. The business has a 50-day simple moving average of $600.36 and a 200 day simple moving average of $483.46. The stock has a market cap of $70.78 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71.

Trending Headlines about VanEck Semiconductor ETF

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

• Positive Sentiment: Chip stocks led a Wall Street rally, lifting the Nasdaq, Dow and S&P 500 as earnings season momentum and renewed risk appetite supported semiconductor names. Nasdaq, Dow and S&P 500 Jumps as Chip Stocks Power Wall Street Higher
• Positive Sentiment: Tech stocks rebounded in Asia, Europe and U.S. futures trading, suggesting investors were buying back into semiconductors after recent volatility. Stocks rise despite climbing oil prices
• Positive Sentiment: Analysts and market coverage framed the recent AI chip selloff as a possible buying opportunity, with strong earnings and AI demand still seen as supportive for semiconductor ETFs like SMH. AI-Driven Chip Rally Hits a Speed Bump: Buy the Dip in ETFs?
• Neutral Sentiment: Wall Street futures pointed higher ahead of the open as traders continued favoring technology exposure, providing a supportive backdrop for semiconductor funds. Tech Rebound Boosts Wall Street Pre-Bell; Asia, Europe Up
• Neutral Sentiment: Investors are watching upcoming mega-cap earnings, geopolitics and supply-chain headlines closely, which could keep chip stocks volatile in the near term. US Equity Investors to Focus on Q2 Earnings, Iran War, Composite PMIs This Week as Chipmakers Hover Near Bear Market
• Negative Sentiment: Reports that China may tighten export controls on AI models and semiconductor technologies could pressure chip supply chains and sentiment for semiconductor ETFs. China considers tighter export controls on AI models and chips, FT reports
• Negative Sentiment: Broader risk from the U.S.-Iran conflict and higher oil prices has kept markets uneasy, which can weigh on high-beta tech shares if volatility returns. S&P 500, Dow End Lower As Oil Prices Rise Amid US-Iran Crisis — PSKY, GOOGL, IREN, AMD, NVDA, AVGO In Focus

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.