Axxcess Wealth Management LLC Takes Position in VanEck Semiconductor ETF $SMH

Axxcess Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,628 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Flagstar Advisors Inc. raised its stake in VanEck Semiconductor ETF by 68.2% during the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after acquiring an additional 2,396 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new position in VanEck Semiconductor ETF during the 3rd quarter worth $1,934,000. Assetmark Inc. grew its position in VanEck Semiconductor ETF by 24.9% during the 4th quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after purchasing an additional 12,467 shares during the last quarter. Mezzasalma Advisors LLC grew its position in VanEck Semiconductor ETF by 67.9% during the 4th quarter. Mezzasalma Advisors LLC now owns 15,159 shares of the company’s stock worth $5,459,000 after purchasing an additional 6,130 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after purchasing an additional 11,973 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $602.14 on Wednesday. The company has a market capitalization of $69.96 billion, a P/E ratio of 34.83 and a beta of 1.70. The company’s fifty day moving average is $471.57 and its two-hundred day moving average is $411.65. VanEck Semiconductor ETF has a 1 year low of $235.37 and a 1 year high of $603.97.

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.