Horizon Wealth Management LLC Decreases Stock Position in VanEck Semiconductor ETF $SMH

Horizon Wealth Management LLC cut its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 45.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,411 shares of the company’s stock after selling 29,728 shares during the quarter. VanEck Semiconductor ETF accounts for 1.7% of Horizon Wealth Management LLC’s portfolio, making the stock its 16th largest position. Horizon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $9,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Grove Bank & Trust purchased a new position in shares of VanEck Semiconductor ETF in the second quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at $25,000. UMB Bank n.a. bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at $28,000. Hilltop National Bank bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at $28,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in VanEck Semiconductor ETF by 61.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $368.61 on Thursday. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $372.78. The company has a market capitalization of $36.60 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The company’s fifty day moving average price is $320.86 and its two-hundred day moving average price is $279.99.

VanEck Semiconductor ETF Company 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.