First Horizon Advisors Inc. Grows Position in VanEck Semiconductor ETF $SMH

First Horizon Advisors Inc. raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 24.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,149 shares of the company’s stock after purchasing an additional 226 shares during the quarter. First Horizon Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Grove Bank & Trust purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new position in VanEck Semiconductor ETF in the second quarter valued at $25,000. UMB Bank n.a. purchased a new stake in VanEck Semiconductor ETF during the second quarter valued at about $28,000. Hilltop National Bank acquired a new stake in VanEck Semiconductor ETF during the second quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in VanEck Semiconductor ETF during the second quarter worth about $28,000.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $348.12 on Friday. The firm has a market capitalization of $34.95 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $372.78. The business’s 50-day simple moving average is $329.78 and its 200-day simple moving average is $287.30.

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.