Crown Wealth Group LLC Increases Position in VanEck Semiconductor ETF $SMH

Crown Wealth Group LLC increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,340 shares of the company’s stock after acquiring an additional 1,030 shares during the period. VanEck Semiconductor ETF comprises 2.2% of Crown Wealth Group LLC’s investment portfolio, making the stock its 13th biggest position. Crown Wealth Group LLC’s holdings in VanEck Semiconductor ETF were worth $7,415,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SMH. WealthCollab LLC acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at $28,000. Investment Counsel Co. of Nevada purchased a new stake in VanEck Semiconductor ETF during the fourth quarter worth approximately $35,000. Core Wealth Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 4th quarter worth approximately $36,000. Jessup Wealth Management Inc purchased a new stake in VanEck Semiconductor ETF in the fourth quarter valued at $40,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of VanEck Semiconductor ETF by 66.7% in the 4th quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock valued at $43,000 after purchasing an additional 48 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 4.0%

SMH stock opened at $611.61 on Friday. The company has a market capitalization of $71.06 billion, a P/E ratio of 34.83 and a beta of 1.72. The business has a 50 day simple moving average of $570.31 and a 200-day simple moving average of $454.58. VanEck Semiconductor ETF has a twelve month low of $272.16 and a twelve month high of $671.83.

About VanEck Semiconductor ETF

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.