Elevation Point Wealth Partners LLC Takes Position in VanEck Semiconductor ETF $SMH

Elevation Point Wealth Partners LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,428 shares of the company’s stock, valued at approximately $931,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMH. Bank of America Corp DE raised its position in shares of VanEck Semiconductor ETF by 170.8% in the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares during the period. Morgan Stanley boosted its holdings in shares of VanEck Semiconductor ETF by 4.8% during the 4th quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after buying an additional 121,815 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after buying an additional 735,425 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of VanEck Semiconductor ETF by 24,986.6% in the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after acquiring an additional 752,097 shares during the period. Finally, Focus Partners Wealth raised its stake in VanEck Semiconductor ETF by 906.5% during the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $604.30 on Tuesday. VanEck Semiconductor ETF has a one year low of $278.55 and a one year high of $671.83. The company has a fifty day moving average price of $585.68 and a 200 day moving average price of $464.14. The stock has a market cap of $71.42 billion, a P/E ratio of 34.83 and a beta of 1.71.

VanEck Semiconductor ETF 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.