Orleans Capital Management Corp LA Has $4.06 Million Holdings in VanEck Semiconductor ETF $SMH

Orleans Capital Management Corp LA lowered its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 14.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,591 shares of the company’s stock after selling 1,750 shares during the period. VanEck Semiconductor ETF accounts for 2.7% of Orleans Capital Management Corp LA’s portfolio, making the stock its 7th largest position. Orleans Capital Management Corp LA’s holdings in VanEck Semiconductor ETF were worth $4,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Flagstar Advisors Inc. raised its stake in shares of VanEck Semiconductor ETF by 68.2% during the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock worth $2,128,000 after buying an additional 2,396 shares during the period. Apollon Wealth Management LLC grew its stake in VanEck Semiconductor ETF by 2.9% in the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after acquiring an additional 1,356 shares during the period. Allspring Global Investments Holdings LLC grew its stake in VanEck Semiconductor ETF by 128.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after acquiring an additional 4,778 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in VanEck Semiconductor ETF by 58.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after acquiring an additional 11,973 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in VanEck Semiconductor ETF by 72.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock worth $145,296,000 after acquiring an additional 169,737 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $580.17 on Friday. The company has a fifty day moving average of $600.69 and a two-hundred day moving average of $486.52. The stock has a market capitalization of $70.31 billion, a PE ratio of 34.83 and a beta of 1.71. VanEck Semiconductor ETF has a fifty-two week low of $279.19 and a fifty-two week high of $671.83.

VanEck Semiconductor ETF Company 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.