Waterloo Capital L.P. Buys New Position in VanEck Semiconductor ETF $SMH

Waterloo Capital L.P. purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 2nd quarter, HoldingsChannel reports. The firm purchased 15,178 shares of the company’s stock, valued at approximately $4,233,000.

A number of other large investors also recently modified their holdings of SMH. Allspring Global Investments Holdings LLC increased its position in VanEck Semiconductor ETF by 13.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock worth $967,000 after acquiring an additional 400 shares during the period. Advyzon Investment Management LLC acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter worth $2,745,000. AE Wealth Management LLC grew its position in VanEck Semiconductor ETF by 168.8% in the 2nd quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock worth $13,807,000 after purchasing an additional 31,089 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of VanEck Semiconductor ETF by 188.5% during the 2nd quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock worth $84,000 after purchasing an additional 196 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of VanEck Semiconductor ETF by 19.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock valued at $8,718,000 after buying an additional 5,092 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 0.3%

SMH stock opened at $326.13 on Friday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $372.78. The business’s 50-day simple moving average is $339.16 and its 200 day simple moving average is $297.08. The company has a market cap of $32.74 billion, a PE ratio of 34.83 and a beta of 1.52.

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.