Parker Investment Management LLC Acquires Shares of 75,165 VanEck Semiconductor ETF $SMH

Parker Investment Management LLC bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 75,165 shares of the company’s stock, valued at approximately $28,818,000. VanEck Semiconductor ETF makes up approximately 4.4% of Parker Investment Management LLC’s portfolio, making the stock its 9th biggest holding.

A number of other institutional investors have also recently modified their holdings of SMH. Flagstar Advisors Inc. lifted its stake in VanEck Semiconductor ETF by 68.2% during the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after acquiring an additional 2,396 shares during the period. Apollon Wealth Management LLC grew its stake in shares of VanEck Semiconductor ETF by 2.9% in the fourth quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock worth $17,278,000 after acquiring an additional 1,356 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of VanEck Semiconductor ETF by 128.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock worth $3,177,000 after acquiring an additional 4,778 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of VanEck Semiconductor ETF by 72.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock worth $145,296,000 after acquiring an additional 169,737 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of VanEck Semiconductor ETF by 58.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock valued at $11,697,000 after purchasing an additional 11,973 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 0.5%

Shares of VanEck Semiconductor ETF stock opened at $586.91 on Thursday. The company has a market cap of $71.13 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. The company’s 50 day moving average is $600.65 and its 200 day moving average is $485.06. VanEck Semiconductor ETF has a twelve month low of $279.19 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.