Nan Shan Life Insurance Co. Ltd. Grows Holdings in VanEck Semiconductor ETF $SMH

Nan Shan Life Insurance Co. Ltd. grew its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 70.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,879 shares of the company’s stock after purchasing an additional 25,492 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in VanEck Semiconductor ETF were worth $40,586,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SMH. Bedel Financial Consulting Inc. acquired a new position in VanEck Semiconductor ETF in the second quarter valued at $266,000. Requisite Capital Management LLC acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter worth about $388,000. Acorn Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at about $26,397,000. Triumph Capital Management grew its holdings in VanEck Semiconductor ETF by 1,826.8% in the 2nd quarter. Triumph Capital Management now owns 25,338 shares of the company’s stock valued at $16,619,000 after buying an additional 24,023 shares during the period. Finally, Piedmont Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at about $10,867,000.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock opened at $545.22 on Wednesday. VanEck Semiconductor ETF has a 1 year low of $281.74 and a 1 year high of $671.83. The firm has a 50 day moving average price of $577.50 and a 200 day moving average price of $518.80. The company has a market cap of $68.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

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.