Parallel Advisors LLC Has $5.50 Million Stock Position in VanEck Semiconductor ETF $SMH

Parallel Advisors LLC boosted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 58.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,260 shares of the company’s stock after buying an additional 5,618 shares during the period. Parallel Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $5,496,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SMH. AQR Capital Management LLC grew its stake in shares of VanEck Semiconductor ETF by 4.8% during the 1st quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after acquiring an additional 109 shares in the last quarter. Empowered Funds LLC grew its stake in shares of VanEck Semiconductor ETF by 32.5% during the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after acquiring an additional 2,890 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of VanEck Semiconductor ETF by 28.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $133,000 after acquiring an additional 106 shares in the last quarter. First Trust Advisors LP bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $370,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $1,116,000.

VanEck Semiconductor ETF Trading Down 9.2%

NASDAQ:SMH opened at $569.69 on Friday. VanEck Semiconductor ETF has a 1-year low of $252.64 and a 1-year high of $642.77. The firm has a fifty day simple moving average of $505.49 and a 200 day simple moving average of $425.49. The stock has a market capitalization of $66.19 billion, a PE ratio of 34.83 and a beta of 1.72.

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.