L & S Advisors Inc Sells 980 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

L & S Advisors Inc lowered its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,664 shares of the company’s stock after selling 980 shares during the period. L & S Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SMH. FMR LLC raised its stake in VanEck Semiconductor ETF by 7.2% in the third quarter. FMR LLC now owns 19,264 shares of the company’s stock valued at $4,728,000 after buying an additional 1,297 shares during the period. Savant Capital LLC acquired a new position in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $403,000. JPMorgan Chase & Co. boosted its stake in VanEck Semiconductor ETF by 48.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after purchasing an additional 424,042 shares during the period. GAMMA Investing LLC grew its holdings in VanEck Semiconductor ETF by 180.0% in the 4th quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock valued at $85,000 after buying an additional 225 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of VanEck Semiconductor ETF by 31.5% during the fourth quarter. Bank of New York Mellon Corp now owns 25,916 shares of the company’s stock worth $6,276,000 after buying an additional 6,215 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 2.6 %

Shares of VanEck Semiconductor ETF stock opened at $212.17 on Monday. The company has a 50-day simple moving average of $238.37 and a two-hundred day simple moving average of $244.12. VanEck Semiconductor ETF has a twelve month low of $198.44 and a twelve month high of $283.07. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35.

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.