Emergent Wealth Advisors LLC Buys Shares of 2,319 VanEck Semiconductor ETF $SMH

Emergent Wealth Advisors LLC purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,319 shares of the company’s stock, valued at approximately $1,521,000. VanEck Semiconductor ETF makes up approximately 0.8% of Emergent Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after buying an additional 109 shares during the last quarter. Empowered Funds LLC grew its holdings in VanEck Semiconductor ETF by 32.5% in the first quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after purchasing an additional 2,890 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 28.6% during the second quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $133,000 after purchasing an additional 106 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of VanEck Semiconductor ETF during the second quarter worth $370,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of VanEck Semiconductor ETF during the second quarter worth $1,116,000.

VanEck Semiconductor ETF Trading Down 2.0%

Shares of SMH opened at $545.22 on Wednesday. The firm has a market cap of $68.50 billion, a PE ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12 month low of $281.74 and a 12 month high of $671.83. The stock has a fifty day moving average price of $577.50 and a 200-day moving average price of $518.80.

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.