Spire Wealth Management Purchases 2,824 Shares of VanEck Semiconductor ETF $SMH

Spire Wealth Management raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 16.9% in the 4th quarter, HoldingsChannel reports. The fund owned 19,576 shares of the company’s stock after purchasing an additional 2,824 shares during the period. Spire Wealth Management’s holdings in VanEck Semiconductor ETF were worth $7,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Bank of Nova Scotia grew its holdings in shares of VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after purchasing an additional 752,097 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of VanEck Semiconductor ETF by 0.4% in the third quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock valued at $187,983,000 after purchasing an additional 2,500 shares in the last quarter. Meitav Investment House Ltd. lifted its position in VanEck Semiconductor ETF by 17.0% in the third quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock worth $181,266,000 after purchasing an additional 80,957 shares during the period. Raymond James Financial Inc. lifted its position in VanEck Semiconductor ETF by 8.3% in the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after purchasing an additional 40,831 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in VanEck Semiconductor ETF by 8.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 526,529 shares of the company’s stock worth $171,838,000 after buying an additional 41,280 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

SMH opened at $374.25 on Friday. The company has a market capitalization of $40.90 billion, a P/E ratio of 34.83 and a beta of 1.52. The firm’s fifty day moving average price is $400.48 and its two-hundred day moving average price is $367.34. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $427.94.

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.