Tritonpoint Wealth LLC Invests $525,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

Tritonpoint Wealth LLC acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 1st quarter, Holdings Channel.com reports. The fund acquired 2,482 shares of the company’s stock, valued at approximately $525,000.

Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in VanEck Semiconductor ETF by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock valued at $348,091,000 after purchasing an additional 133,724 shares in the last quarter. Main Management ETF Advisors LLC grew its position in VanEck Semiconductor ETF by 3.2% in the fourth quarter. Main Management ETF Advisors LLC now owns 972,740 shares of the company’s stock valued at $235,568,000 after purchasing an additional 29,920 shares in the last quarter. Meitav Investment House Ltd. grew its position in VanEck Semiconductor ETF by 4.1% in the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after purchasing an additional 24,516 shares in the last quarter. Raymond James Financial Inc. bought a new position in VanEck Semiconductor ETF in the fourth quarter valued at $144,385,000. Finally, D. E. Shaw & Co. Inc. bought a new position in VanEck Semiconductor ETF in the fourth quarter valued at $121,329,000.

VanEck Semiconductor ETF Trading Down 2.3%

VanEck Semiconductor ETF stock opened at $256.99 on Friday. The company has a market cap of $23.28 billion, a P/E ratio of 30.48 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $283.07. The company has a fifty day simple moving average of $226.74 and a 200 day simple moving average of $234.77.

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.