Welch Group LLC Buys New Stake in VanEck Semiconductor ETF $SMH

Welch Group LLC bought a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,719 shares of the company’s stock, valued at approximately $1,656,000.

A number of other institutional investors also recently made changes to their positions in the stock. Meitav Investment House Ltd. raised its position in VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after acquiring an additional 133,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of VanEck Semiconductor ETF by 107.3% in 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 during the period. Cetera Investment Advisers increased its stake in VanEck Semiconductor ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after purchasing an additional 16,810 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in VanEck Semiconductor ETF during the 1st quarter worth about $141,661,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in VanEck Semiconductor ETF during the 3rd quarter worth about $183,763,000.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $522.49 on Monday. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83. The firm’s 50 day simple moving average is $572.62 and its 200-day simple moving average is $518.19. The company has a market cap of $66.59 billion, a P/E ratio of 34.83 and a beta of 1.73.

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.