Wedbush Securities Inc. Reduces Position in VanEck Semiconductor ETF $SMH

Wedbush Securities Inc. decreased its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,621 shares of the company’s stock after selling 264 shares during the period. Wedbush Securities Inc.’s holdings in VanEck Semiconductor ETF were worth $4,077,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SMH. Goldman Sachs Group Inc. boosted its position in VanEck Semiconductor ETF by 46.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after buying an additional 907,073 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of VanEck Semiconductor ETF by 3,235,614.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock valued at $126,333,000 after acquiring an additional 452,986 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in shares of VanEck Semiconductor ETF by 48.1% during the first quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after purchasing an additional 161,350 shares during the period. Phoenix Financial Ltd. boosted its holdings in shares of VanEck Semiconductor ETF by 273.2% during the second quarter. Phoenix Financial Ltd. now owns 135,801 shares of the company’s stock worth $37,872,000 after purchasing an additional 99,409 shares during the period. Finally, Meitav Investment House Ltd. grew its stake in shares of VanEck Semiconductor ETF by 26.0% in the second quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after purchasing an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

SMH opened at $348.12 on Friday. The business has a 50 day simple moving average of $329.78 and a two-hundred day simple moving average of $287.30. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $372.78.

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.