Concorde Asset Management LLC Grows Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Concorde Asset Management LLC boosted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,645 shares of the company’s stock after purchasing an additional 120 shares during the period. Concorde Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $690,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of VanEck Semiconductor ETF during the second quarter worth $28,000. TD Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter valued at $29,000. Silicon Valley Capital Partners acquired a new stake in VanEck Semiconductor ETF during the 1st quarter valued at $25,000. Finally, Olistico Wealth LLC acquired a new position in VanEck Semiconductor ETF in the 2nd quarter worth $31,000.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $231.06 on Thursday. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $283.07. The business’s 50-day simple moving average is $239.17 and its 200 day simple moving average is $237.03.

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.