IHT Wealth Management LLC Sells 12,426 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

IHT Wealth Management LLC lowered its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 31.2% in the 4th quarter, HoldingsChannel reports. The firm owned 27,353 shares of the company’s stock after selling 12,426 shares during the period. IHT Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $6,624,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in VanEck Semiconductor ETF in the fourth quarter worth approximately $144,385,000. JPMorgan Chase & Co. lifted its stake in shares of VanEck Semiconductor ETF by 48.2% in the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after buying an additional 424,042 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of VanEck Semiconductor ETF by 3,218.3% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 335,150 shares of the company’s stock valued at $81,163,000 after buying an additional 325,050 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of VanEck Semiconductor ETF by 144.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after acquiring an additional 202,744 shares in the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in VanEck Semiconductor ETF in the 4th quarter valued at about $28,664,000.

VanEck Semiconductor ETF Stock Performance

SMH stock opened at $192.53 on Monday. The company has a market capitalization of $17.72 billion, a P/E ratio of 25.25 and a beta of 1.35. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $283.07. The business has a 50-day simple moving average of $220.80 and a two-hundred day simple moving average of $239.02.

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.