Waverly Advisors LLC Raises Position in VanEck Semiconductor ETF $SMH

Waverly Advisors LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 90.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,982 shares of the company’s stock after purchasing an additional 22,783 shares during the quarter. Waverly Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $31,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allied Private Wealth LLC acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter worth $30,000. Timbuktu Capital Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $33,000. Investment Counsel Co. of Nevada acquired a new position in shares of VanEck Semiconductor ETF during the fourth quarter worth about $35,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF during the fourth quarter worth about $36,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock traded up $6.72 during trading hours on Tuesday, reaching $573.73. The company had a trading volume of 8,248,685 shares, compared to its average volume of 9,664,740. VanEck Semiconductor ETF has a twelve month low of $295.11 and a twelve month high of $671.83. The company has a market capitalization of $72.08 billion, a P/E ratio of 34.83 and a beta of 1.73. The stock’s fifty day simple moving average is $570.65 and its 200 day simple moving average is $524.22.

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.