VanEck Semiconductor ETF $SMH Stock Position Reduced by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 23.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,243 shares of the company’s stock after selling 1,564 shares during the quarter. Carnegie Investment Counsel’s holdings in VanEck Semiconductor ETF were worth $2,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WealthCollab LLC acquired a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth $28,000. Investment Counsel Co. of Nevada acquired a new stake in VanEck Semiconductor ETF during the fourth quarter valued at $35,000. Core Wealth Advisors LLC purchased a new position in VanEck Semiconductor ETF in the fourth quarter valued at about $36,000. Jessup Wealth Management Inc purchased a new position in VanEck Semiconductor ETF in the fourth quarter valued at about $40,000. Finally, CENTRAL TRUST Co grew its stake in VanEck Semiconductor ETF by 66.7% in the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock valued at $43,000 after purchasing an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $585.86 on Tuesday. The firm has a market cap of $70.39 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. VanEck Semiconductor ETF has a 52-week low of $279.19 and a 52-week high of $671.83. The stock has a 50-day simple moving average of $597.51 and a 200-day simple moving average of $474.46.

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.