Kraft Davis & Associates LLC Sells 3,708 Shares of VanEck Semiconductor ETF $SMH

Kraft Davis & Associates LLC reduced its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 58,421 shares of the company’s stock after selling 3,708 shares during the quarter. VanEck Semiconductor ETF comprises approximately 7.5% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its biggest position. Kraft Davis & Associates LLC’s holdings in VanEck Semiconductor ETF were worth $35,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMH. LifeWealth Investments LLC raised its stake in shares of VanEck Semiconductor ETF by 6.0% in the 3rd quarter. LifeWealth Investments LLC now owns 8,908 shares of the company’s stock valued at $5,425,000 after buying an additional 501 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in shares of VanEck Semiconductor ETF by 2.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 48,679 shares of the company’s stock worth $29,645,000 after acquiring an additional 1,251 shares during the period. AMI Asset Management Corp bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $289,000. Revisor Wealth Management LLC lifted its holdings in shares of VanEck Semiconductor ETF by 18.7% during the 3rd quarter. Revisor Wealth Management LLC now owns 412 shares of the company’s stock worth $231,000 after acquiring an additional 65 shares during the period. Finally, DUTCH ASSET Corp lifted its holdings in shares of VanEck Semiconductor ETF by 25.0% during the 3rd quarter. DUTCH ASSET Corp now owns 676 shares of the company’s stock worth $412,000 after acquiring an additional 135 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $556.70 on Thursday. The firm’s 50-day simple moving average is $577.20 and its 200-day simple moving average is $565.50. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month high of $671.83. The firm has a market cap of $67.74 billion, a P/E ratio of 34.83 and a beta of 1.73.

About VanEck Semiconductor ETF

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.