PNC Financial Services Group Inc. Buys 2,271 Shares of VanEck Semiconductor ETF $SMH

PNC Financial Services Group Inc. raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 21.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,982 shares of the company’s stock after acquiring an additional 2,271 shares during the period. PNC Financial Services Group Inc.’s holdings in VanEck Semiconductor ETF were worth $4,977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SMH. AQR Capital Management LLC boosted its holdings in VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after purchasing an additional 109 shares during the last quarter. Empowered Funds LLC increased its stake in VanEck Semiconductor ETF by 32.5% in the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after buying an additional 2,890 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in VanEck Semiconductor ETF by 28.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $133,000 after buying an additional 106 shares during the last quarter. First Trust Advisors LP bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $370,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $1,116,000.

VanEck Semiconductor ETF Stock Down 2.3%

Shares of NASDAQ SMH opened at $548.55 on Tuesday. The company has a market capitalization of $66.12 billion, a PE ratio of 34.83 and a beta of 1.71. The stock’s 50 day moving average price is $600.83 and its 200-day moving average price is $488.94. VanEck Semiconductor ETF has a twelve month low of $279.19 and a twelve month high of $671.83.

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.