VanEck Semiconductor ETF $SMH Shares Sold by Able Wealth Management LLC

Able Wealth Management LLC lowered its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 44.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,699 shares of the company’s stock after selling 4,604 shares during the quarter. Able Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SMH. WealthCollab LLC acquired a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of VanEck Semiconductor ETF during the 4th quarter valued at $35,000. Core Wealth Advisors LLC purchased a new position in VanEck Semiconductor ETF in the fourth quarter valued at about $36,000. Jessup Wealth Management Inc acquired a new position in VanEck Semiconductor ETF in the fourth quarter worth approximately $40,000. Finally, CENTRAL TRUST Co increased its stake in shares of VanEck Semiconductor ETF by 66.7% during the 4th quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH opened at $620.46 on Thursday. The company has a market cap of $72.09 billion, a PE ratio of 34.83 and a beta of 1.72. The stock has a 50-day moving average of $580.82 and a 200-day moving average of $460.78. VanEck Semiconductor ETF has a 52-week low of $274.66 and a 52-week high of $671.83.

More VanEck Semiconductor ETF News

Here are the key news stories impacting VanEck Semiconductor ETF this week:

• Positive Sentiment: Semiconductor demand tied to the AI buildout remains strong, with articles highlighting ongoing hyperscaler spending and persistent memory shortages that could support chipmakers’ earnings and keep investor interest in the sector elevated.
• Positive Sentiment: Broader market coverage says chip stocks helped power Wall Street to a strong first-half finish, reinforcing the idea that semiconductors are still one of the market’s key growth trades. Dow rises 110 points as chip stocks power Wall Street to strong first-half finish
• Neutral Sentiment: Several new ETF comparison pieces are drawing attention to semiconductor funds such as SMH, which may keep the sector in focus but do not themselves change the fundamentals of the holdings.
• Negative Sentiment: KLA Corporation (a semiconductor equipment name often held in SMH) fell sharply after a sector-wide sell-off, as investors locked in gains following a record-breaking first half for semiconductors. Why KLA Corporation (KLAC) Stock Is Down Today
• Negative Sentiment: Leveraged and equal-weight semiconductor ETF headlines show some investors reassessing risk and return in the chip trade, a sign that momentum may be cooling after a big run-up.

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.