Axxcess Wealth Management LLC Buys 903 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Axxcess Wealth Management LLC raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 54.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,570 shares of the company’s stock after purchasing an additional 903 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Chilton Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in VanEck Semiconductor ETF during the second quarter valued at about $28,000. TD Capital Management LLC bought a new stake in VanEck Semiconductor ETF during the second quarter worth about $29,000. Silicon Valley Capital Partners purchased a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth about $25,000. Finally, Olistico Wealth LLC bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at about $31,000.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $241.09 on Friday. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The business has a 50 day moving average of $238.57 and a 200 day moving average of $237.05. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year high of $283.07.

VanEck Semiconductor ETF 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.