Miller Investment Management LP Has $25.15 Million Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Miller Investment Management LP cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 0.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,907 shares of the company’s stock after selling 178 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 2.8% of Miller Investment Management LP’s investment portfolio, making the stock its 8th largest position. Miller Investment Management LP’s holdings in VanEck Semiconductor ETF were worth $25,145,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SMH. KFA Private Wealth Group LLC bought a new position in VanEck Semiconductor ETF during the first quarter valued at $243,000. Brio Consultants LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at about $2,927,000. Richards Merrill & Peterson Inc. bought a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at about $152,000. Cornerstone Advisory LLC grew its position in VanEck Semiconductor ETF by 38.2% in the first quarter. Cornerstone Advisory LLC now owns 2,696 shares of the company’s stock worth $581,000 after acquiring an additional 745 shares in the last quarter. Finally, Investment Management Corp VA ADV grew its position in VanEck Semiconductor ETF by 3.5% in the first quarter. Investment Management Corp VA ADV now owns 2,551 shares of the company’s stock worth $539,000 after acquiring an additional 86 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $291.41 on Tuesday. The company has a market cap of $26.91 billion, a PE 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 $293.53. The stock’s 50 day simple moving average is $268.00 and its two-hundred day simple moving average is $241.72.

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.