Wealth Enhancement Advisory Services LLC Grows Stock Holdings in VanEck Semiconductor ETF $SMH

Wealth Enhancement Advisory Services LLC grew its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 19.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,737 shares of the company’s stock after purchasing an additional 5,092 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in VanEck Semiconductor ETF were worth $8,718,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its stake in VanEck Semiconductor ETF by 76.1% during the second quarter. Wedmont Private Capital now owns 3,187 shares of the company’s stock worth $910,000 after purchasing an additional 1,377 shares during the last quarter. American Financial Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF by 10.2% in the second quarter. American Financial Advisors LLC now owns 3,015 shares of the company’s stock worth $841,000 after buying an additional 279 shares during the period. KMG Fiduciary Partners LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $389,000. Focus Financial Network Inc. increased its holdings in shares of VanEck Semiconductor ETF by 9.3% in the second quarter. Focus Financial Network Inc. now owns 2,617 shares of the company’s stock worth $730,000 after buying an additional 222 shares during the period. Finally, Signal Advisors Wealth LLC increased its holdings in shares of VanEck Semiconductor ETF by 13.0% in the second quarter. Signal Advisors Wealth LLC now owns 14,639 shares of the company’s stock worth $4,082,000 after buying an additional 1,680 shares during the period.

VanEck Semiconductor ETF Trading Up 2.0%

SMH opened at $322.17 on Tuesday. The company has a market cap of $29.75 billion, a P/E ratio of 34.83 and a beta of 1.35. The business’s 50-day moving average price is $295.07 and its 200-day moving average price is $255.93. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $323.14.

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.