VanEck Semiconductor ETF $SMH Holdings Lifted by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC lifted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 514.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,387 shares of the company’s stock after acquiring an additional 5,348 shares during the period. VanEck Semiconductor ETF accounts for approximately 2.1% of Ridgepath Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Ridgepath Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $3,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Welch Group LLC acquired a new position in VanEck Semiconductor ETF during the 3rd quarter valued at about $1,656,000. Woodmont Investment Counsel LLC bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $14,354,000. Traynor Capital Management Inc. grew its position in VanEck Semiconductor ETF by 1.1% in the third quarter. Traynor Capital Management Inc. now owns 10,967 shares of the company’s stock worth $6,679,000 after buying an additional 122 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth $29,534,000. Finally, DecisionMap Wealth Management LLC raised its holdings in VanEck Semiconductor ETF by 30.4% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 498 shares of the company’s stock worth $303,000 after buying an additional 116 shares during the period.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock opened at $522.49 on Monday. The firm has a market capitalization of $66.59 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The company has a 50 day moving average price of $572.62 and a 200 day moving average price of $518.19. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 week 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.