GM Advisory Group LLC Has $35.74 Million Position in VanEck Semiconductor ETF $SMH

GM Advisory Group LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 62.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,217 shares of the company’s stock after buying an additional 35,794 shares during the quarter. VanEck Semiconductor ETF makes up approximately 1.4% of GM Advisory Group LLC’s investment portfolio, making the stock its 20th largest position. GM Advisory Group LLC’s holdings in VanEck Semiconductor ETF were worth $35,739,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Goodman Advisory Group LLC grew its holdings in VanEck Semiconductor ETF by 7.8% during the 1st quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after acquiring an additional 23 shares during the last quarter. Howe & Rusling Inc. raised its stake in shares of VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after acquiring an additional 25 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of VanEck Semiconductor ETF by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock valued at $434,000 after acquiring an additional 26 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in shares of VanEck Semiconductor ETF by 1.1% during the first quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock worth $984,000 after purchasing an additional 27 shares during the period. Finally, Red Door Wealth Management LLC lifted its holdings in shares of VanEck Semiconductor ETF by 2.1% during the first quarter. Red Door Wealth Management LLC now owns 1,305 shares of the company’s stock worth $500,000 after purchasing an additional 27 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $592.29 on Friday. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. VanEck Semiconductor ETF has a twelve month low of $278.55 and a twelve month high of $671.83. The company’s fifty day moving average is $585.68 and its 200 day moving average is $463.36.

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.