Main Management LLC Sells 147,948 Shares of VanEck Semiconductor ETF $SMH

Main Management LLC cut its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 89.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,409 shares of the company’s stock after selling 147,948 shares during the period. Main Management LLC’s holdings in VanEck Semiconductor ETF were worth $6,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after acquiring an additional 735,425 shares in the last quarter. Bank of Nova Scotia lifted its holdings in VanEck Semiconductor ETF by 24,986.6% during the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after acquiring an additional 752,097 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in VanEck Semiconductor ETF by 0.4% during the third quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock worth $187,983,000 after acquiring an additional 2,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in VanEck Semiconductor ETF by 4.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 548,017 shares of the company’s stock worth $197,357,000 after acquiring an additional 21,488 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in VanEck Semiconductor ETF by 8.3% during the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after acquiring an additional 40,831 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH stock opened at $598.93 on Monday. The firm has a market cap of $69.59 billion, a PE ratio of 34.83 and a beta of 1.70. The business’s 50-day moving average price is $483.77 and its two-hundred day moving average price is $416.84. VanEck Semiconductor ETF has a 1-year low of $235.37 and a 1-year high of $612.30.

About VanEck Semiconductor ETF

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.