Kane Investment Management Inc. Sells 200 Shares of VanEck Semiconductor ETF $SMH

Kane Investment Management Inc. trimmed its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272 shares of the company’s stock after selling 200 shares during the quarter. Kane Investment Management Inc.’s holdings in VanEck Semiconductor ETF were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in shares of VanEck Semiconductor ETF by 7.2% during the first quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock valued at $339,000 after purchasing an additional 107 shares during the last quarter. Stephens Inc. AR increased its position in VanEck Semiconductor ETF by 12.7% during the 1st quarter. Stephens Inc. AR now owns 2,201 shares of the company’s stock valued at $465,000 after buying an additional 248 shares in the last quarter. CWM LLC raised its stake in VanEck Semiconductor ETF by 21.6% during the first quarter. CWM LLC now owns 9,297 shares of the company’s stock valued at $1,966,000 after buying an additional 1,654 shares during the last quarter. Signaturefd LLC boosted its holdings in VanEck Semiconductor ETF by 119.5% in the first quarter. Signaturefd LLC now owns 1,484 shares of the company’s stock worth $314,000 after acquiring an additional 808 shares in the last quarter. Finally, Dakota Wealth Management purchased a new stake in shares of VanEck Semiconductor ETF in the first quarter worth $501,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $344.98 on Friday. The business has a fifty day moving average price of $335.95 and a 200-day moving average price of $292.39. The company has a market capitalization of $34.63 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-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.