Claro Advisors Inc. lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 17.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,445 shares of the company’s stock after selling 2,372 shares during the period. VanEck Semiconductor ETF comprises approximately 0.7% of Claro Advisors Inc.’s portfolio, making the stock its 29th largest position. Claro Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $6,970,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMH. Telos Capital Management Inc. purchased a new stake in shares of VanEck Semiconductor ETF during the third quarter worth approximately $3,797,000. Quadcap Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF in the third quarter valued at approximately $206,000. Platform Technology Partners raised its holdings in VanEck Semiconductor ETF by 3.6% in the third quarter. Platform Technology Partners now owns 1,056 shares of the company’s stock valued at $643,000 after acquiring an additional 37 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in VanEck Semiconductor ETF in the third quarter worth approximately $120,762,000. Finally, Pathway Financial Advisers LLC purchased a new position in VanEck Semiconductor ETF in the third quarter worth approximately $73,000.
VanEck Semiconductor ETF Trading Down 11.5%
Shares of NASDAQ:SMH opened at $446.05 on Friday. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 week high of $671.83. The company’s 50 day moving average is $567.78 and its two-hundred day moving average is $520.19. The company has a market cap of $56.64 billion, a PE ratio of 34.83 and a beta of 1.78.
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.
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