VanEck Semiconductor ETF (NASDAQ:SMH) Position Lifted by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 2,961.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,102 shares of the company’s stock after purchasing an additional 12,674 shares during the period. Icon Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $3,216,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Chilton Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $26,000. Mendota Financial Group LLC bought a new position in VanEck Semiconductor ETF in the third quarter worth about $25,000. Innealta Capital LLC acquired a new position in VanEck Semiconductor ETF in the second quarter valued at approximately $28,000. TD Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $29,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $28,000.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $246.10 on Friday. The firm has a market capitalization of $24.39 billion, a P/E ratio of 18.82 and a beta of 1.35. The business has a 50 day simple moving average of $247.46 and a 200 day simple moving average of $246.11. VanEck Semiconductor ETF has a 12-month low of $156.56 and a 12-month high of $283.07.

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.