VanEck Semiconductor ETF $SMH Stock: SBI Securities Co. Ltd. Trims Stake

SBI Securities Co. Ltd. reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 24.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,831 shares of the company’s stock after selling 22,662 shares during the quarter. VanEck Semiconductor ETF makes up about 1.0% of SBI Securities Co. Ltd.’s portfolio, making the stock its 19th biggest holding. SBI Securities Co. Ltd.’s holdings in VanEck Semiconductor ETF were worth $43,136,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SMH. Kaydan Wealth Management Inc. raised its stake in VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after acquiring an additional 18 shares during the period. Berger Financial Group Inc boosted its position in VanEck Semiconductor ETF by 1.3% during the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock worth $636,000 after purchasing an additional 21 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in VanEck Semiconductor ETF by 0.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after purchasing an additional 21 shares during the period. Goodman Advisory Group LLC increased its holdings in shares of VanEck Semiconductor ETF by 7.8% in the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock valued at $122,000 after purchasing an additional 23 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of VanEck Semiconductor ETF by 4.3% in the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after purchasing an additional 25 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $523.35 on Friday. The company has a market cap of $63.69 billion, a P/E ratio of 34.83 and a beta of 1.73. The firm’s fifty day moving average price is $575.89 and its two-hundred day moving average price is $566.42. VanEck Semiconductor ETF has a one year low of $315.05 and a one 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.