Spire Wealth Management Grows Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Spire Wealth Management increased its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 106.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,402 shares of the company’s stock after purchasing an additional 6,387 shares during the quarter. Spire Wealth Management’s holdings in VanEck Semiconductor ETF were worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMH. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of VanEck Semiconductor ETF by 919,038.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 10,110,518 shares of the company’s stock worth $1,539,326,000 after purchasing an additional 10,109,418 shares during the last quarter. Fisher Asset Management LLC grew its stake in VanEck Semiconductor ETF by 104.8% during the 2nd quarter. Fisher Asset Management LLC now owns 3,712,976 shares of the company’s stock worth $565,301,000 after buying an additional 1,899,794 shares during the last quarter. Jane Street Group LLC grew its stake in VanEck Semiconductor ETF by 28.2% during the 1st quarter. Jane Street Group LLC now owns 1,080,467 shares of the company’s stock worth $284,368,000 after buying an additional 237,394 shares during the last quarter. Morgan Stanley increased its position in VanEck Semiconductor ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 810,841 shares of the company’s stock worth $164,552,000 after buying an additional 166,418 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in VanEck Semiconductor ETF by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 540,000 shares of the company’s stock valued at $82,215,000 after buying an additional 270,000 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 3.1 %

SMH stock opened at $161.09 on Wednesday. The company has a market capitalization of $10.91 billion, a P/E ratio of 17.19 and a beta of 1.35. The business has a 50 day simple moving average of $146.84 and a 200-day simple moving average of $147.21. VanEck Semiconductor ETF has a twelve month low of $98.27 and a twelve month high of $161.54.

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.