Merit Financial Group LLC Sells 9,627 Shares of VanEck Semiconductor ETF $SMH

Merit Financial Group LLC decreased its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 18.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,529 shares of the company’s stock after selling 9,627 shares during the quarter. Merit Financial Group LLC’s holdings in VanEck Semiconductor ETF were worth $11,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Delos Wealth Advisors LLC lifted its position in VanEck Semiconductor ETF by 0.6% during the first quarter. Delos Wealth Advisors LLC now owns 7,402 shares of the company’s stock valued at $1,565,000 after purchasing an additional 43 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in shares of VanEck Semiconductor ETF by 1.3% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,511 shares of the company’s stock valued at $742,000 after buying an additional 46 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 1.2% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $844,000 after buying an additional 47 shares in the last quarter. GK Wealth Management LLC raised its position in shares of VanEck Semiconductor ETF by 2.6% during the 2nd quarter. GK Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $527,000 after buying an additional 47 shares in the last quarter. Finally, Forte Capital LLC ADV raised its position in shares of VanEck Semiconductor ETF by 3.1% during the 1st quarter. Forte Capital LLC ADV now owns 1,572 shares of the company’s stock valued at $332,000 after buying an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $336.68 on Friday. The business’s 50 day moving average is $301.94 and its two-hundred day moving average is $262.25. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $340.78. The stock has a market capitalization of $32.96 billion, a P/E ratio of 34.83 and a beta of 1.35.

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.