Parallel Advisors LLC Grows Holdings in VanEck Semiconductor ETF $SMH

Parallel Advisors LLC boosted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 6.9% during the first quarter, Holdings Channel.com reports. The fund owned 16,318 shares of the company’s stock after acquiring an additional 1,058 shares during the quarter. Parallel Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $6,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of VanEck Semiconductor ETF by 170.8% during the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after buying an additional 735,425 shares during the period. Focus Partners Wealth boosted its holdings in VanEck Semiconductor ETF by 906.5% in the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after buying an additional 671,673 shares during the period. Renaissance Technologies LLC purchased a new stake in VanEck Semiconductor ETF in the 1st quarter worth $141,661,000. Finally, Baker Avenue Asset Management LP increased its stake in VanEck Semiconductor ETF by 100.3% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock worth $364,000 after buying an additional 349,979 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 1.0%

NASDAQ:SMH opened at $569.70 on Thursday. The business’s 50-day simple moving average is $596.38 and its two-hundred day simple moving average is $496.58. VanEck Semiconductor ETF has a 52 week low of $281.15 and a 52 week high of $671.83. The stock has a market cap of $71.58 billion, a PE ratio of 34.83 and a beta of 1.73.

VanEck Semiconductor ETF Company 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.