Accel Wealth Management Buys 1,639 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Accel Wealth Management lifted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 25.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,165 shares of the company’s stock after acquiring an additional 1,639 shares during the quarter. Accel Wealth Management’s holdings in VanEck Semiconductor ETF were worth $1,837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Meitav Investment House Ltd. grew its stake in shares of VanEck Semiconductor ETF by 103.2% during the 4th quarter. Meitav Investment House Ltd. now owns 732,008 shares of the company’s stock valued at $127,948,000 after acquiring an additional 371,831 shares during the period. Saudi Central Bank bought a new position in VanEck Semiconductor ETF in the 4th quarter worth approximately $105,273,000. Himension Capital Singapore PTE. LTD. boosted its stake in VanEck Semiconductor ETF by 358.4% in the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 318,624 shares of the company’s stock worth $55,718,000 after purchasing an additional 249,112 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in VanEck Semiconductor ETF by 103.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 295,190 shares of the company’s stock worth $51,620,000 after purchasing an additional 150,444 shares during the period. Finally, International Assets Investment Management LLC bought a new position in VanEck Semiconductor ETF in the 4th quarter worth approximately $40,189,000.

VanEck Semiconductor ETF Stock Up 2.3 %

SMH stock traded up $5.99 during midday trading on Thursday, hitting $269.62. The company’s stock had a trading volume of 4,633,045 shares, compared to its average volume of 8,123,431. VanEck Semiconductor ETF has a 12 month low of $136.10 and a 12 month high of $279.57. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The company has a 50 day moving average of $243.48 and a two-hundred day moving average of $215.85.

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.