VanEck Semiconductor ETF $SMH is Main Management Fund Advisors LLC’s 2nd Largest Position

Main Management Fund Advisors LLC grew its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 403,000 shares of the company’s stock after buying an additional 32,500 shares during the quarter. VanEck Semiconductor ETF makes up about 13.4% of Main Management Fund Advisors LLC’s portfolio, making the stock its 2nd largest holding. Main Management Fund Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $112,389,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SMH. Grove Bank & Trust purchased a new position in VanEck Semiconductor ETF in the 2nd quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at about $25,000. UMB Bank n.a. purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $28,000. Hilltop National Bank purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC acquired a new position in VanEck Semiconductor ETF during the second quarter worth about $28,000.

VanEck Semiconductor ETF Trading Up 1.8%

Shares of NASDAQ SMH opened at $339.44 on Thursday. The stock has a market cap of $34.08 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $372.78. The company has a 50-day moving average of $338.31 and a 200 day moving average of $295.55.

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.