Axxcess Wealth Management LLC Grows Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Axxcess Wealth Management LLC raised its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 54.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,570 shares of the company’s stock after purchasing an additional 903 shares during the period. Axxcess Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Perennial Investment Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 138.8% in the second quarter. Perennial Investment Advisors LLC now owns 2,749 shares of the company’s stock valued at $717,000 after purchasing an additional 1,598 shares in the last quarter. Moors & Cabot Inc. grew its holdings in VanEck Semiconductor ETF by 7.1% during the 2nd quarter. Moors & Cabot Inc. now owns 2,073 shares of the company’s stock valued at $540,000 after buying an additional 138 shares in the last quarter. Total Clarity Wealth Management Inc. grew its holdings in VanEck Semiconductor ETF by 17.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 1,822 shares of the company’s stock valued at $475,000 after buying an additional 274 shares in the last quarter. One Capital Management LLC increased its position in shares of VanEck Semiconductor ETF by 8.6% during the second quarter. One Capital Management LLC now owns 39,443 shares of the company’s stock valued at $10,283,000 after buying an additional 3,128 shares during the period. Finally, Stevard LLC lifted its holdings in shares of VanEck Semiconductor ETF by 14.4% in the second quarter. Stevard LLC now owns 7,149 shares of the company’s stock worth $1,864,000 after buying an additional 900 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 4.3 %

Shares of NASDAQ:SMH opened at $241.09 on Friday. The company has a 50 day moving average of $238.57 and a 200 day moving average of $237.05. The stock has a market cap of $21.68 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $136.10 and a 12 month high of $283.07.

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.