ZRC Wealth Management LLC Raises Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

ZRC Wealth Management LLC lifted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 13.9% in the third quarter, Holdings Channel reports. The firm owned 639 shares of the company’s stock after purchasing an additional 78 shares during the period. ZRC Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new stake in VanEck Semiconductor ETF in the second quarter worth $26,000. Innealta Capital LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth $28,000. TD Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth $29,000. Silicon Valley Capital Partners bought a new position in shares of VanEck Semiconductor ETF in the first quarter worth $25,000. Finally, Olistico Wealth LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth $31,000.

VanEck Semiconductor ETF Trading Up 1.3 %

SMH stock traded up $3.27 during trading hours on Friday, hitting $247.82. 5,776,498 shares of the stock traded hands, compared to its average volume of 8,386,353. The stock has a 50-day simple moving average of $236.06 and a 200 day simple moving average of $238.63. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $283.07. The company has a market cap of $24.36 billion, a P/E ratio of 18.82 and a beta of 1.35.

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.