VanEck Semiconductor ETF $SMH Shares Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 44.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,967 shares of the company’s stock after purchasing an additional 3,679 shares during the period. Meridian Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $4,310,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Alpha Cubed Investments LLC increased its holdings in shares of VanEck Semiconductor ETF by 2.5% in the third quarter. Alpha Cubed Investments LLC now owns 1,170 shares of the company’s stock valued at $382,000 after purchasing an additional 28 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of VanEck Semiconductor ETF by 24.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 144 shares of the company’s stock valued at $46,000 after purchasing an additional 28 shares during the period. Klingman & Associates LLC increased its holdings in shares of VanEck Semiconductor ETF by 2.7% in the third quarter. Klingman & Associates LLC now owns 1,100 shares of the company’s stock valued at $359,000 after purchasing an additional 29 shares during the period. Armstrong Advisory Group Inc. increased its holdings in shares of VanEck Semiconductor ETF by 1.8% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,624 shares of the company’s stock valued at $585,000 after purchasing an additional 29 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of VanEck Semiconductor ETF by 0.6% in the fourth quarter. Ritholtz Wealth Management now owns 5,084 shares of the company’s stock valued at $1,831,000 after purchasing an additional 32 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $561.25 on Wednesday. The stock’s 50-day simple moving average is $436.70 and its 200-day simple moving average is $396.92. The firm has a market capitalization of $65.21 billion, a PE ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a fifty-two week low of $234.59 and a fifty-two week high of $578.06.

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.