Petredis Investment Advisors LLC Acquires 2,484 Shares of VanEck Semiconductor ETF $SMH

Petredis Investment Advisors LLC lifted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,392 shares of the company’s stock after acquiring an additional 2,484 shares during the period. VanEck Semiconductor ETF makes up 1.1% of Petredis Investment Advisors LLC’s holdings, making the stock its 20th biggest holding. Petredis Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $12,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in VanEck Semiconductor ETF by 46.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after purchasing an additional 907,073 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in VanEck Semiconductor ETF by 48.1% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after purchasing an additional 161,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in VanEck Semiconductor ETF by 24.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock worth $94,589,000 after purchasing an additional 87,395 shares in the last quarter. Cetera Investment Advisers grew its position in VanEck Semiconductor ETF by 4.8% in the 1st quarter. Cetera Investment Advisers now owns 389,916 shares of the company’s stock worth $82,455,000 after purchasing an additional 17,940 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in VanEck Semiconductor ETF by 3.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 356,017 shares of the company’s stock worth $75,287,000 after purchasing an additional 12,811 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $315.71 on Friday. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $318.62. The company has a 50-day simple moving average of $294.34 and a two-hundred day simple moving average of $255.01. The company has a market capitalization of $29.15 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35.

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.