Richmond Investment Services LLC has significantly increased its investment in the VanEck Semiconductor ETF, raising its stake by an impressive 208.0% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the firm acquired an additional 7,065 shares, bringing its total ownership to 10,462 shares. This investment now constitutes 0.6% of Richmond’s overall portfolio, making the VanEck Semiconductor ETF its 29th largest position.
As of the end of June 2023, Richmond Investment Services’ holdings in the VanEck Semiconductor ETF were valued at approximately $2,918,000. This growth in investment reflects a broader trend among institutional investors, many of whom have also adjusted their positions in this notable exchange-traded fund.
Several other significant stakeholders have increased their investments in the VanEck Semiconductor ETF during the same period. For instance, Assetmark Inc. raised its stake by 21.7% in the first quarter, acquiring an additional 3,133 shares to reach a total of 17,542 shares, valued at around $3,710,000. Similarly, MMA Asset Management LLC established a new position valued at approximately $228,000 during the first quarter.
Another notable investor, Arkadios Wealth Advisors, increased its holdings by 39.1%, now owning 9,318 shares worth around $1,970,000 after purchasing an additional 2,620 shares. Furthermore, Lyell Wealth Management LP raised its stake by 9.4%, bringing its total to 68,495 shares, valued at $14,485,000.
The VanEck Semiconductor ETF has also seen minor adjustments from Sound View Wealth Advisors Group LLC, which increased its position by 1.3%, now holding 3,511 shares worth approximately $742,000.
Current Performance of the VanEck Semiconductor ETF
As of the latest trading session, shares of the VanEck Semiconductor ETF (NASDAQ: SMH) opened at $340.01. The ETF has demonstrated notable volatility, with a twelve-month low of $170.11 and a high of $372.78. Its current fifty-day moving average stands at $340.46, while the two-hundred-day moving average is at $299.26. The ETF boasts a market capitalization of $34.13 billion, a price-to-earnings ratio of 34.83, and a beta of 1.52, indicating its relatively high volatility compared to the broader market.
The VanEck Semiconductor ETF is designed to track the MVIS US Listed Semiconductor 25 Index, which includes 25 of the largest publicly traded semiconductor companies in the United States. Launched on May 5, 2000, the ETF is managed by VanEck, a well-respected firm in the investment management industry.
As the semiconductor sector continues to evolve, investors are closely monitoring the performance of related ETFs like the VanEck Semiconductor ETF. The growing interest from institutional investors highlights the potential of this sector, which plays a crucial role in the technology landscape.
For those looking to keep abreast of further developments, various financial platforms provide updates on institutional holdings and recent transactions related to the VanEck Semiconductor ETF.
