Maridea Wealth Management LLC Reduces Position in VanEck Semiconductor ETF $SMH

Maridea Wealth Management LLC decreased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 14.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,146 shares of the company’s stock after selling 1,413 shares during the period. Maridea Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $3,123,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. WealthCollab LLC acquired a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth approximately $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $35,000. Core Wealth Advisors LLC acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $36,000. Jessup Wealth Management Inc purchased a new position in VanEck Semiconductor ETF during the fourth quarter worth approximately $40,000. Finally, CENTRAL TRUST Co lifted its position in VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after buying an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $611.61 on Friday. The stock’s fifty day moving average is $570.31 and its two-hundred day moving average is $454.58. The firm has a market capitalization of $71.06 billion, a P/E ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a fifty-two week low of $272.16 and a fifty-two week high of $671.83.

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.