Flagship Wealth Advisors LLC Raises Stock Holdings in VanEck Semiconductor ETF $SMH

Flagship Wealth Advisors LLC grew its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 49.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,333 shares of the company’s stock after buying an additional 2,090 shares during the period. Flagship Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $2,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SMH. AQR Capital Management LLC boosted its stake in shares of VanEck Semiconductor ETF by 4.8% in the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after acquiring an additional 109 shares during the period. Empowered Funds LLC boosted its stake in VanEck Semiconductor ETF by 32.5% during the first quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after buying an additional 2,890 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of VanEck Semiconductor ETF by 28.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $133,000 after purchasing an additional 106 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $370,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $1,116,000.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $569.69 on Friday. VanEck Semiconductor ETF has a 1 year low of $252.64 and a 1 year high of $642.77. The firm has a market capitalization of $66.19 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. The business has a 50 day simple moving average of $505.49 and a 200-day simple moving average of $425.49.

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.