Kingsman Wealth Management Inc. Makes New $225,000 Investment in VanEck Semiconductor ETF $SMH

Kingsman Wealth Management Inc. bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 808 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SMH. Goldman Sachs Group Inc. raised its holdings in shares of VanEck Semiconductor ETF by 46.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after purchasing an additional 907,073 shares during the period. Menora Mivtachim Holdings LTD. raised its holdings in shares of VanEck Semiconductor ETF by 48.1% during the first quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after purchasing an additional 161,350 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of VanEck Semiconductor ETF by 24.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock worth $94,589,000 after purchasing an additional 87,395 shares during the period. GAMMA Investing LLC raised its holdings in shares of VanEck Semiconductor ETF by 20,926.3% during the first quarter. GAMMA Investing LLC now owns 73,592 shares of the company’s stock worth $15,563,000 after purchasing an additional 73,242 shares during the period. Finally, Jump Financial LLC raised its holdings in shares of VanEck Semiconductor ETF by 160.7% during the first quarter. Jump Financial LLC now owns 116,164 shares of the company’s stock worth $24,565,000 after purchasing an additional 71,610 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $321.06 on Friday. The stock has a market capitalization of $29.65 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $325.36. The company’s fifty day moving average is $296.91 and its two-hundred day moving average is $257.57.

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.