VanEck Semiconductor ETF $SMH Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 93.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,458,395 shares of the company’s stock after acquiring an additional 703,799 shares during the period. JPMorgan Chase & Co.’s holdings in VanEck Semiconductor ETF were worth $406,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth approximately $25,000. Trust Co. of Toledo NA OH acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Banque Transatlantique SA bought a new position in shares of VanEck Semiconductor ETF in the first quarter worth $27,000. UMB Bank n.a. acquired a new position in shares of VanEck Semiconductor ETF during the second quarter valued at $28,000. Finally, Hilltop National Bank acquired a new position in shares of VanEck Semiconductor ETF during the second quarter valued at $28,000.

VanEck Semiconductor ETF Stock Up 0.3%

SMH stock opened at $326.13 on Monday. The company has a 50-day simple moving average of $339.16 and a 200 day simple moving average of $297.62. The company has a market capitalization of $32.74 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $372.78.

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.