VanEck Semiconductor ETF $SMH is Horizon Wealth Management LLC’s 8th Largest Position

Horizon Wealth Management LLC lifted its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 58.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 64,522 shares of the company’s stock after buying an additional 23,815 shares during the period. VanEck Semiconductor ETF makes up approximately 3.6% of Horizon Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. Horizon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $24,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SMH. Flagstar Advisors Inc. boosted its holdings in shares of VanEck Semiconductor ETF by 68.2% during the fourth quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after purchasing an additional 2,396 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in VanEck Semiconductor ETF by 128.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after purchasing an additional 4,778 shares during the period. Apollon Wealth Management LLC raised its position in VanEck Semiconductor ETF by 2.9% during the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after purchasing an additional 1,356 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock valued at $11,697,000 after purchasing an additional 11,973 shares during the last quarter. Finally, Cane Capital Partners LLC purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth approximately $877,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $620.46 on Thursday. The firm has a market cap of $72.09 billion, a P/E ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a fifty-two week low of $274.66 and a fifty-two week high of $671.83. The business’s 50 day moving average price is $580.82 and its 200-day moving average price is $460.78.

Key Headlines Impacting VanEck Semiconductor ETF

Here are the key news stories impacting VanEck Semiconductor ETF this week:

• Positive Sentiment: Semiconductor demand tied to the AI buildout remains strong, with articles highlighting ongoing hyperscaler spending and persistent memory shortages that could support chipmakers’ earnings and keep investor interest in the sector elevated.
• Positive Sentiment: Broader market coverage says chip stocks helped power Wall Street to a strong first-half finish, reinforcing the idea that semiconductors are still one of the market’s key growth trades. Dow rises 110 points as chip stocks power Wall Street to strong first-half finish
• Neutral Sentiment: Several new ETF comparison pieces are drawing attention to semiconductor funds such as SMH, which may keep the sector in focus but do not themselves change the fundamentals of the holdings.
• Negative Sentiment: KLA Corporation (a semiconductor equipment name often held in SMH) fell sharply after a sector-wide sell-off, as investors locked in gains following a record-breaking first half for semiconductors. Why KLA Corporation (KLAC) Stock Is Down Today
• Negative Sentiment: Leveraged and equal-weight semiconductor ETF headlines show some investors reassessing risk and return in the chip trade, a sign that momentum may be cooling after a big run-up.

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.