Integrated Wealth Concepts LLC Lowers Stake in VanEck Semiconductor ETF $SMH

Integrated Wealth Concepts LLC lowered its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 5.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 28,520 shares of the company’s stock after selling 1,716 shares during the period. Integrated Wealth Concepts LLC’s holdings in VanEck Semiconductor ETF were worth $18,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after purchasing an additional 109 shares during the last quarter. Empowered Funds LLC grew its stake in shares of VanEck Semiconductor ETF by 32.5% in the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after buying an additional 2,890 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of VanEck Semiconductor ETF by 28.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $133,000 after buying an additional 106 shares during the last quarter. First Trust Advisors LP bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at approximately $370,000. Finally, Gamco Investors INC. ET AL bought a new position in VanEck Semiconductor ETF during the 2nd quarter valued at approximately $1,116,000.

VanEck Semiconductor ETF Trading Up 0.1%

Shares of NASDAQ:SMH opened at $574.29 on Thursday. The stock has a fifty day simple moving average of $569.72 and a two-hundred day simple moving average of $525.38. VanEck Semiconductor ETF has a 12-month low of $298.77 and a 12-month high of $671.83. The stock has a market capitalization of $72.15 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

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.