Forefront Wealth Partners LLC Purchases 3,070 Shares of VanEck Semiconductor ETF $SMH

Forefront Wealth Partners LLC grew its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 145.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,187 shares of the company’s stock after acquiring an additional 3,070 shares during the period. Forefront Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $1,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust bought a new position in VanEck Semiconductor ETF in the second quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $25,000. Banque Transatlantique SA purchased a new stake in shares of VanEck Semiconductor ETF in the 1st quarter worth about $27,000. UMB Bank n.a. bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $28,000. Finally, Hilltop National Bank purchased a new position in VanEck Semiconductor ETF during the 2nd quarter valued at about $28,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH opened at $354.12 on Friday. The stock has a market cap of $35.55 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $375.59. The firm’s 50-day simple moving average is $350.13 and its two-hundred day simple moving average is $309.54.

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.