VanEck Semiconductor ETF $SMH Stock: Fairscale Capital LLC Decreases Holdings

Fairscale Capital LLC lowered its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 91.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 311 shares of the company’s stock after selling 3,490 shares during the period. Fairscale Capital LLC’s holdings in VanEck Semiconductor ETF were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SMH. Clal Insurance Enterprises Holdings Ltd raised its stake in VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after acquiring an additional 295,000 shares during the last quarter. Cetera Investment Advisers lifted its position in VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after acquiring an additional 16,810 shares during the period. Renaissance Technologies LLC purchased a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at approximately $141,661,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $183,763,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $120,762,000.

VanEck Semiconductor ETF Trading Up 5.1%

NASDAQ:SMH opened at $487.41 on Tuesday. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The stock’s 50 day simple moving average is $564.29 and its 200-day simple moving average is $520.99. The firm has a market cap of $63.04 billion, a P/E ratio of 24.39 and a beta of 1.80.

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.