Cascade Investment Group Inc. trimmed its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 99.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,218 shares of the company’s stock after selling 153,096 shares during the period. Cascade Investment Group Inc.’s holdings in VanEck Semiconductor ETF were worth $742,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in SMH. Schuylkill Financial LLC purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $2,262,000. NWF Advisory Services Inc. grew its stake in VanEck Semiconductor ETF by 9.2% in the second quarter. NWF Advisory Services Inc. now owns 11,705 shares of the company’s stock worth $7,677,000 after purchasing an additional 986 shares in the last quarter. Atomic Invest LLC grew its stake in VanEck Semiconductor ETF by 1,015.3% in the second quarter. Atomic Invest LLC now owns 21,916 shares of the company’s stock worth $13,855,000 after purchasing an additional 19,951 shares in the last quarter. XML Financial LLC increased its holdings in VanEck Semiconductor ETF by 4,002.7% during the 2nd quarter. XML Financial LLC now owns 27,693 shares of the company’s stock worth $18,164,000 after purchasing an additional 27,018 shares during the period. Finally, WealthBridge Capital Management LLC purchased a new position in VanEck Semiconductor ETF during the 1st quarter worth $1,393,000.
VanEck Semiconductor ETF Stock Performance
NASDAQ SMH traded down $7.59 on Tuesday, reaching $583.40. 5,553,123 shares of the stock traded hands, compared to its average volume of 9,228,383. The company has a fifty day moving average price of $579.68 and a 200-day moving average price of $556.91. The company has a market cap of $71.81 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12 month low of $315.05 and a 12 month high of $671.83.
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.
Recommended Stories
- Five stocks we like better than VanEck Semiconductor ETF
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
- IonQ Fell 9% on a $1.3 Billion Deal—Is Wall Street Missing Something?
- JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
Want to see what other hedge funds are holding SMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Semiconductor ETF (NASDAQ:SMH – Free Report).
Receive News & Ratings for VanEck Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
