Concord Asset Management LLC VA Sells 1,904 Shares of VanEck Semiconductor ETF $SMH

Concord Asset Management LLC VA cut its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 19.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,141 shares of the company’s stock after selling 1,904 shares during the quarter. Concord Asset Management LLC VA’s holdings in VanEck Semiconductor ETF were worth $2,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tritonpoint Wealth LLC purchased a new position in shares of VanEck Semiconductor ETF during the first quarter valued at about $525,000. Dynamic Advisor Solutions LLC purchased a new position in shares of VanEck Semiconductor ETF during the first quarter valued at about $913,000. North Star Investment Management Corp. grew its position in shares of VanEck Semiconductor ETF by 193.4% during the first quarter. North Star Investment Management Corp. now owns 399 shares of the company’s stock valued at $84,000 after purchasing an additional 263 shares in the last quarter. Sowell Financial Services LLC grew its position in shares of VanEck Semiconductor ETF by 7.7% during the first quarter. Sowell Financial Services LLC now owns 53,262 shares of the company’s stock valued at $11,263,000 after purchasing an additional 3,789 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in shares of VanEck Semiconductor ETF during the first quarter valued at about $712,000.

VanEck Semiconductor ETF Stock Down 5.8%

Shares of VanEck Semiconductor ETF stock opened at $325.34 on Monday. The firm has a market cap of $32.25 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. The business has a 50-day moving average price of $306.82 and a 200-day moving average price of $266.50. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $348.53.

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.