Triumph Capital Management Buys 24,023 Shares of VanEck Semiconductor ETF $SMH

Triumph Capital Management grew its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 1,826.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 25,338 shares of the company’s stock after acquiring an additional 24,023 shares during the quarter. VanEck Semiconductor ETF comprises approximately 2.9% of Triumph Capital Management’s investment portfolio, making the stock its 2nd largest position. Triumph Capital Management’s holdings in VanEck Semiconductor ETF were worth $16,619,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Berger Financial Group Inc raised its position in shares of VanEck Semiconductor ETF by 1.3% in the 1st quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after acquiring an additional 21 shares during the period. Goodman Advisory Group LLC grew its holdings in VanEck Semiconductor ETF by 7.8% during the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock valued at $122,000 after purchasing an additional 23 shares during the period. Howe & Rusling Inc. grew its holdings in VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after purchasing an additional 25 shares during the period. Brooklyn Investment Group grew its holdings in VanEck Semiconductor ETF by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock valued at $434,000 after purchasing an additional 26 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its stake in VanEck Semiconductor ETF by 1.1% in the first quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock valued at $984,000 after purchasing an additional 27 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH opened at $556.63 on Tuesday. The firm’s fifty day moving average is $579.03 and its two-hundred day moving average is $517.88. The firm has a market cap of $69.93 billion, a PE ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a twelve month low of $281.74 and a twelve month high of $671.83.

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.