Maridea Wealth Management LLC Takes Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Maridea Wealth Management LLC acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,282 shares of the company’s stock, valued at approximately $795,000.

Several other institutional investors have also added to or reduced their stakes in SMH. JPMorgan Chase & Co. raised its holdings in VanEck Semiconductor ETF by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock worth $348,091,000 after purchasing an additional 133,724 shares during the last quarter. Main Management ETF Advisors LLC raised its stake in VanEck Semiconductor ETF by 36.7% during the third quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after buying an additional 253,300 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings 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 buying an additional 24,516 shares during the period. Raymond James Financial Inc. bought a new stake in VanEck Semiconductor ETF during the fourth quarter valued at $144,385,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in VanEck Semiconductor ETF by 144.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after acquiring an additional 202,744 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $212.17 on Friday. VanEck Semiconductor ETF has a 1 year low of $198.44 and a 1 year high of $283.07. The business’s 50-day moving average is $238.37 and its 200-day moving average is $243.90. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35.

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.