Piedmont Capital Management LLC Makes New Investment in VanEck Semiconductor ETF $SMH

Piedmont Capital Management LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the second quarter, Holdings Channel reports. The institutional investor purchased 17,512 shares of the company’s stock, valued at approximately $10,867,000. VanEck Semiconductor ETF comprises about 5.5% of Piedmont Capital Management LLC’s portfolio, making the stock its 7th largest position.

Several other large investors also recently made changes to their positions in the business. Allied Private Wealth LLC acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth approximately $30,000. Investment Counsel Co. of Nevada bought a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth approximately $35,000. Core Wealth Advisors LLC acquired a new stake in VanEck Semiconductor ETF during the fourth quarter valued at approximately $36,000. Finally, Resources Management Corp CT ADV acquired a new stake in VanEck Semiconductor ETF during the first quarter valued at approximately $38,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $556.63 on Tuesday. The stock has a market capitalization of $69.93 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $281.74 and a 1-year high of $671.83. The company has a 50 day moving average price of $579.03 and a 200 day moving average price of $517.88.

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.