Cannon Advisors Inc. Takes $2.94 Million Position in VanEck Semiconductor ETF $SMH

Cannon Advisors Inc. purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,544 shares of the company’s stock, valued at approximately $2,941,000. VanEck Semiconductor ETF makes up 2.4% of Cannon Advisors Inc.’s holdings, making the stock its 15th biggest holding.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at about $25,000. Banque Transatlantique SA purchased a new stake in VanEck Semiconductor ETF during the first quarter worth about $27,000. UMB Bank n.a. acquired a new position in VanEck Semiconductor ETF during the second quarter worth about $28,000. Finally, Hilltop National Bank acquired a new position in VanEck Semiconductor ETF during the second quarter worth about $28,000.

VanEck Semiconductor ETF Trading Up 0.0%

SMH stock opened at $344.98 on Friday. The firm has a 50 day moving average of $335.95 and a 200-day moving average of $292.96. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $372.78. The company has a market cap of $34.63 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

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.