Peterson Wealth Management Grows Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Peterson Wealth Management boosted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,361 shares of the company’s stock after acquiring an additional 1,005 shares during the period. VanEck Semiconductor ETF accounts for approximately 2.4% of Peterson Wealth Management’s portfolio, making the stock its 15th biggest position. Peterson Wealth Management’s holdings in VanEck Semiconductor ETF were worth $3,770,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of VanEck Semiconductor ETF by 101.1% during the 2nd quarter. SG Americas Securities LLC now owns 13,898 shares of the company’s stock worth $3,623,000 after purchasing an additional 1,270,998 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in VanEck Semiconductor ETF by 46.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock valued at $423,377,000 after buying an additional 514,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in VanEck Semiconductor ETF by 109.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after buying an additional 494,164 shares during the last quarter. Liberty Wealth Management LLC boosted its position in shares of VanEck Semiconductor ETF by 24,432.5% during the 2nd quarter. Liberty Wealth Management LLC now owns 438,641 shares of the company’s stock worth $114,354,000 after acquiring an additional 436,853 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of VanEck Semiconductor ETF by 20.9% in the 2nd quarter. LPL Financial LLC now owns 1,629,628 shares of the company’s stock valued at $424,844,000 after acquiring an additional 281,252 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH opened at $238.25 on Friday. The stock’s 50-day simple moving average is $248.05 and its 200-day simple moving average is $246.79. The firm has a market capitalization of $23.61 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $156.56 and a fifty-two week high of $283.07.

About VanEck Semiconductor ETF

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.