Assetmark Inc. Buys 15,613 Shares of VanEck Semiconductor ETF $SMH

Assetmark Inc. boosted its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 25.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 78,087 shares of the company’s stock after purchasing an additional 15,613 shares during the quarter. Assetmark Inc.’s holdings in VanEck Semiconductor ETF were worth $29,938,000 at the end of the most recent quarter.

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

VanEck Semiconductor ETF Stock Down 2.2%

VanEck Semiconductor ETF stock opened at $556.53 on Friday. The business’s 50-day simple moving average is $600.25 and its 200 day simple moving average is $479.70. The stock has a market cap of $66.75 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. VanEck Semiconductor ETF has a 12-month low of $279.19 and a 12-month high of $671.83.

Key Stories Impacting VanEck Semiconductor ETF

Here are the key news stories impacting VanEck Semiconductor ETF this week:

• Positive Sentiment: Despite the recent pullback in semiconductors, investors poured about $25 billion into semiconductor ETFs, suggesting continued long-term demand for the sector. Investors Pour $25B Into Semiconductor ETFs as DRAM Plunges 40%
• Positive Sentiment: Some investors still see the AI chip buildout as early-stage, with commentary suggesting the next leg of AI infrastructure spending could support semiconductor ETFs like SMH. Think the AI Bull Market Is Just Getting Started? These 3 ETFs Are Positioned for the Next Leg
• Neutral Sentiment: Unusually heavy put buying in SMH points to hedging or bearish positioning, but it could also reflect traders protecting profits after the sector’s strong run.
• Negative Sentiment: Chip stocks extended losses as markets reassessed the AI-driven rally, weighing on semiconductor ETFs and dragging broader tech sentiment lower. Dow sinks 480 points as AI selloff deepens, chip stocks extend losses
• Negative Sentiment: Pre-market weakness in tech and chip stocks added to the downside, with futures pointing lower as traders worried about heavy semiconductor capital spending and valuation risk. Chip Sector Weighs on Wall Street Pre-Bell; Asia, Europe Down
• Negative Sentiment: Reports that South Korean regulators searched Chinese chipmaker Montage Technology in a competition probe add another layer of regulatory uncertainty for parts of the semiconductor supply chain. South Korea searches Chinese chipmaker Montage Technology’s office in competition probe

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.