Moulton Wealth Management Inc. Invests $2.92 Million in VanEck Semiconductor ETF $SMH

Moulton Wealth Management Inc. acquired a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,932 shares of the company’s stock, valued at approximately $2,915,000. VanEck Semiconductor ETF makes up about 2.1% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position.

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust purchased a new stake in VanEck Semiconductor ETF during the second quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $25,000. Banque Transatlantique SA bought a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth $27,000. UMB Bank n.a. bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth $28,000. Finally, Hilltop National Bank purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $28,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $339.24 on Thursday. The stock’s 50-day moving average is $350.48 and its 200 day moving average is $311.78. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $375.59. The company has a market cap of $34.06 billion, a P/E ratio of 34.83 and a beta of 1.52.

About VanEck Semiconductor ETF

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.