Kraft Davis & Associates LLC reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,129 shares of the company’s stock after selling 11,538 shares during the period. VanEck Semiconductor ETF comprises approximately 8.5% of Kraft Davis & Associates LLC’s holdings, making the stock its largest holding. Kraft Davis & Associates LLC’s holdings in VanEck Semiconductor ETF were worth $40,750,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SMH. Greenspring Advisors LLC bought a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $288,000. Continuum Advisory LLC acquired a new stake in VanEck Semiconductor ETF during the second quarter worth about $398,000. Orion Capital Management LLC acquired a new stake in VanEck Semiconductor ETF during the second quarter worth about $55,000. Coppell Advisory Solutions LLC bought a new position in VanEck Semiconductor ETF in the second quarter worth about $123,000. Finally, Emergent Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF in the second quarter worth about $1,521,000.
VanEck Semiconductor ETF Stock Up 1.0%
Shares of SMH stock opened at $550.48 on Thursday. The company has a market cap of $69.16 billion, a P/E ratio of 34.83 and a beta of 1.73. The business has a 50 day moving average of $576.17 and a two-hundred day moving average of $519.82. VanEck Semiconductor ETF has a 52 week low of $283.78 and a 52 week high of $671.83.
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.
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