Jackson Wealth Management LLC Sells 107 Shares of VanEck Semiconductor ETF $SMH

Jackson Wealth Management LLC cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 0.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 37,717 shares of the company’s stock after selling 107 shares during the period. VanEck Semiconductor ETF makes up about 1.1% of Jackson Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Jackson Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $10,518,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $25,000. UMB Bank n.a. bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at about $28,000. Hilltop National Bank bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at about $28,000. Banque Transatlantique SA bought a new position in VanEck Semiconductor ETF during the 1st quarter valued at about $27,000. Finally, Arlington Trust Co LLC grew its holdings in VanEck Semiconductor ETF by 775.0% during the 1st quarter. Arlington Trust Co LLC now owns 175 shares of the company’s stock valued at $37,000 after purchasing an additional 155 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 0.5%

Shares of NASDAQ:SMH opened at $336.68 on Friday. The company has a market capitalization of $31.09 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $340.78. The firm’s 50-day moving average is $301.94 and its 200 day moving average is $262.01.

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.