Ciovacco Capital Management LLC Has $7.27 Million Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Ciovacco Capital Management LLC reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,034 shares of the company’s stock after selling 1,268 shares during the quarter. VanEck Semiconductor ETF comprises approximately 4.2% of Ciovacco Capital Management LLC’s holdings, making the stock its 6th largest holding. Ciovacco Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hartford Financial Management Inc. boosted its position in shares of VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the last quarter. Mather Group LLC. boosted its position in shares of VanEck Semiconductor ETF by 320.0% during the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Ethos Financial Group LLC bought a new position in shares of VanEck Semiconductor ETF during the 4th quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $29,000. Finally, Hemington Wealth Management boosted its position in shares of VanEck Semiconductor ETF by 50.6% during the 4th quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 0.2 %

Shares of SMH opened at $227.05 on Friday. The company has a market cap of $21.50 billion, a PE ratio of 31.46 and a beta of 1.35. The business has a fifty day moving average of $241.61 and a 200 day moving average of $244.00. VanEck Semiconductor ETF has a 52-week low of $198.44 and a 52-week high of $283.07.

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.