Cornerstone Enterprises LLC Sells 19,813 Shares of VanEck Semiconductor ETF $SMH

Cornerstone Enterprises LLC reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 95.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 840 shares of the company’s stock after selling 19,813 shares during the period. Cornerstone Enterprises LLC’s holdings in VanEck Semiconductor ETF were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC acquired a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth approximately $913,000. M&T Bank Corp boosted its holdings in shares of VanEck Semiconductor ETF by 7.2% in the 1st quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock worth $339,000 after acquiring an additional 107 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of VanEck Semiconductor ETF by 188.5% in the 2nd quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock worth $84,000 after acquiring an additional 196 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of VanEck Semiconductor ETF by 19.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock worth $8,718,000 after acquiring an additional 5,092 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of VanEck Semiconductor ETF by 103.7% in the 1st quarter. Blue Trust Inc. now owns 275 shares of the company’s stock worth $58,000 after acquiring an additional 140 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $346.07 on Thursday. The company has a market capitalization of $34.21 billion, a P/E ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $348.53. The business’s 50 day simple moving average is $304.86 and its 200-day simple moving average is $264.41.

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.