Apollon Wealth Management LLC Sells 1,227 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Apollon Wealth Management LLC trimmed its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,399 shares of the company’s stock after selling 1,227 shares during the period. Apollon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,644,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CI Investments Inc. boosted its holdings in VanEck Semiconductor ETF by 166.7% during the third quarter. CI Investments Inc. now owns 1,553,303 shares of the company’s stock valued at $225,198,000 after purchasing an additional 970,943 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of VanEck Semiconductor ETF by 103.2% during the fourth quarter. Meitav Investment House Ltd. now owns 732,008 shares of the company’s stock valued at $127,948,000 after acquiring an additional 371,831 shares during the period. Private Advisor Group LLC boosted its stake in shares of VanEck Semiconductor ETF by 111.9% in the 4th quarter. Private Advisor Group LLC now owns 31,281 shares of the company’s stock valued at $5,371,000 after purchasing an additional 293,538 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth about $40,189,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of VanEck Semiconductor ETF by 103.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 295,190 shares of the company’s stock worth $51,620,000 after purchasing an additional 150,444 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 0.4 %

SMH stock traded down $0.84 during trading on Wednesday, hitting $219.89. 2,029,062 shares of the stock traded hands, compared to its average volume of 8,468,233. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 18.82 and a beta of 1.87. VanEck Semiconductor ETF has a one year low of $121.81 and a one year high of $239.14. The company has a 50 day simple moving average of $219.51 and a 200 day simple moving average of $189.33.

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.