Ascent Advisors LLC Invests $1.77 Million in VanEck Semiconductor ETF $SMH

Ascent Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,620 shares of the company’s stock, valued at approximately $1,771,000. VanEck Semiconductor ETF makes up approximately 2.8% of Ascent Advisors LLC’s holdings, making the stock its 10th biggest holding.

Other large investors have also recently bought and sold shares of the company. WealthCollab LLC acquired a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $28,000. Investment Counsel Co. of Nevada acquired a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $35,000. Core Wealth Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $36,000. Jessup Wealth Management Inc acquired a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $40,000. Finally, CENTRAL TRUST Co lifted its position in shares of VanEck Semiconductor ETF by 66.7% in the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH stock opened at $593.00 on Thursday. The firm has a 50 day simple moving average of $591.36 and a 200 day simple moving average of $469.36. VanEck Semiconductor ETF has a 52 week low of $279.19 and a 52 week high of $671.83. The stock has a market cap of $70.09 billion, a P/E ratio of 34.83 and a beta of 1.71.

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.