Prudential PLC Makes New $15.30 Million Investment in VanEck Semiconductor ETF $SMH

Prudential PLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 54,850 shares of the company’s stock, valued at approximately $15,297,000. Prudential PLC owned approximately 0.06% of VanEck Semiconductor ETF at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH bought a new position in VanEck Semiconductor ETF during the first quarter valued at approximately $5,583,000. Choreo LLC raised its holdings in shares of 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of 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 purchasing an additional 12,607 shares during the last quarter. Retirement Income Solutions Inc boosted its holdings in VanEck Semiconductor ETF by 1.2% in the first quarter. Retirement Income Solutions Inc now owns 4,815 shares of the company’s stock worth $1,018,000 after purchasing an additional 57 shares in the last quarter. Finally, Wedbush Securities Inc. increased its position in VanEck Semiconductor ETF by 11.9% during the first quarter. Wedbush Securities Inc. now owns 14,885 shares of the company’s stock worth $3,148,000 after buying an additional 1,582 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $339.44 on Thursday. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $372.78. The stock’s 50-day moving average is $338.31 and its two-hundred day moving average is $295.55. The firm has a market cap of $34.08 billion, a P/E ratio of 34.83 and a beta of 1.52.

About VanEck Semiconductor ETF

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.