VanEck Semiconductor ETF $SMH Shares Bought by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,269 shares of the company’s stock after purchasing an additional 1,444 shares during the period. VanEck Semiconductor ETF comprises about 1.0% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 24th largest position. Penobscot Investment Management Company Inc.’s holdings in VanEck Semiconductor ETF were worth $12,372,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in VanEck Semiconductor ETF by 4.8% in the 1st quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after buying an additional 109 shares during the last quarter. Empowered Funds LLC raised its holdings in VanEck Semiconductor ETF by 32.5% in the first quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after buying an additional 2,890 shares during the period. EverSource Wealth Advisors LLC raised its holdings in VanEck Semiconductor ETF by 28.6% in the second quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $133,000 after buying an additional 106 shares during the period. First Trust Advisors LP acquired a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $370,000. Finally, Gamco Investors INC. ET AL acquired a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $1,116,000.

Key Stories Impacting VanEck Semiconductor ETF

Here are the key news stories impacting VanEck Semiconductor ETF this week:

• Positive Sentiment: SMH pulled in about $1.8 billion in daily inflows, showing that investors are still putting fresh money to work in semiconductor exposure. Daily ETF Flows: SMH Pulls In $1.8B
• Positive Sentiment: One article noted SMH has been a standout performer this year, reinforcing the ETF’s strong momentum despite recent volatility. VanEck Semiconductor ETF Is Up 64% This Year and Doesn’t Own a Single Share of Apple
• Neutral Sentiment: SK Hynix’s planned U.S. listing could benefit semiconductor and chip-related ETFs, including SMH, by increasing investor attention on the memory-chip space. SK Hynix Eyes Massive U.S. Listing: ETFs That Are Likely to Gain
• Neutral Sentiment: Analysts said the AI rally may broaden from chipmakers to hyperscalers and other sectors, which could cap near-term enthusiasm for semiconductors if capital rotates away from hardware stocks. AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
• Negative Sentiment: Recent weakness in semiconductor shares and hedge-fund selling pressure suggest investors are trimming chip exposure ahead of earnings, weighing on SMH. Hedge funds dumped chip stocks for a fourth week as AI shares sold off
• Negative Sentiment: Memory-chip weakness after Samsung earnings raised concerns about DRAM and HBM demand, a potential headwind for semiconductor ETFs with memory exposure. DRAM ETF falls 6.5% after Samsung earnings as expert warns on memory stocks

VanEck Semiconductor ETF Stock Down 3.8%

VanEck Semiconductor ETF stock opened at $581.45 on Wednesday. VanEck Semiconductor ETF has a 52-week low of $279.19 and a 52-week high of $671.83. The firm has a fifty day moving average of $589.63 and a 200-day moving average of $467.62. The firm has a market capitalization of $68.72 billion, a P/E ratio of 34.83 and a beta of 1.71.

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.