Perennial Investment Advisors LLC Has $1.17 Million Stake in VanEck Semiconductor ETF $SMH

Perennial Investment Advisors LLC grew its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,176 shares of the company’s stock after buying an additional 340 shares during the period. Perennial Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $1,165,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Allianz Asset Management GmbH bought a new stake in VanEck Semiconductor ETF during the first quarter worth approximately $5,583,000. Ignite Planners LLC lifted its position in shares of VanEck Semiconductor ETF by 18.5% during the 1st quarter. Ignite Planners LLC now owns 6,591 shares of the company’s stock worth $1,399,000 after purchasing an additional 1,030 shares during the last quarter. Choreo LLC boosted its stake in VanEck Semiconductor ETF by 0.8% during the 1st quarter. Choreo LLC now owns 7,574 shares of the company’s stock valued at $1,602,000 after purchasing an additional 61 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in VanEck Semiconductor ETF by 79.8% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 28,410 shares of the company’s stock valued at $6,008,000 after buying an additional 12,607 shares during the last quarter. Finally, Retirement Income Solutions Inc grew its holdings in VanEck Semiconductor ETF by 1.2% in the 1st quarter. Retirement Income Solutions Inc now owns 4,815 shares of the company’s stock valued at $1,018,000 after buying an additional 57 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 2.1%

Shares of SMH stock opened at $333.29 on Wednesday. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $372.78. The firm has a market cap of $33.46 billion, a PE ratio of 34.83 and a beta of 1.52. The stock has a 50 day moving average of $337.54 and a 200-day moving average of $295.25.

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.