VanEck Semiconductor ETF $SMH Stock: Triumph Capital Management Trims Stake

Triumph Capital Management trimmed its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 96.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 987 shares of the company’s stock after selling 24,351 shares during the quarter. Triumph Capital Management’s holdings in VanEck Semiconductor ETF were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SMH. GEM Asset Management LLC increased its stake in VanEck Semiconductor ETF by 31.8% during the third quarter. GEM Asset Management LLC now owns 1,164 shares of the company’s stock worth $709,000 after acquiring an additional 281 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in VanEck Semiconductor ETF during the third quarter valued at approximately $20,694,000. Krilogy Financial LLC raised its position in VanEck Semiconductor ETF by 1.2% during the third quarter. Krilogy Financial LLC now owns 8,972 shares of the company’s stock valued at $5,303,000 after purchasing an additional 109 shares during the period. Affinity Capital Advisors LLC lifted its stake in shares of VanEck Semiconductor ETF by 39.9% in the 3rd quarter. Affinity Capital Advisors LLC now owns 515 shares of the company’s stock valued at $311,000 after purchasing an additional 147 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $565,000.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $564.74 on Thursday. The firm has a market capitalization of $69.51 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The business has a 50 day simple moving average of $579.83 and a 200-day simple moving average of $559.54. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year 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.