Corient Private Wealth LLC Raises Position in VanEck Semiconductor ETF $SMH

Corient Private Wealth LLC lifted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 16.4% during the fourth quarter, HoldingsChannel reports. The fund owned 6,777 shares of the company’s stock after acquiring an additional 953 shares during the quarter. Corient Private Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $2,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SMH. Flagstar Advisors Inc. boosted its stake in shares of VanEck Semiconductor ETF by 68.2% in the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after buying an additional 2,396 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in VanEck Semiconductor ETF during the third quarter worth $1,934,000. Apollon Wealth Management LLC grew its holdings in VanEck Semiconductor ETF by 2.9% during the fourth quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock worth $17,278,000 after acquiring an additional 1,356 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in VanEck Semiconductor ETF by 58.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after acquiring an additional 11,973 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in VanEck Semiconductor ETF by 128.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock worth $3,177,000 after acquiring an additional 4,778 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock opened at $611.61 on Monday. VanEck Semiconductor ETF has a one year low of $272.16 and a one year high of $671.83. The business has a fifty day moving average of $570.31 and a two-hundred day moving average of $455.18. The company has a market cap of $71.06 billion, a P/E ratio of 34.83 and a beta of 1.72.

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.