NovaPoint Capital LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 90.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 403 shares of the company’s stock after selling 3,814 shares during the period. NovaPoint Capital LLC’s holdings in VanEck Semiconductor ETF were worth $245,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Brookstone Capital Management bought a new position in shares of VanEck Semiconductor ETF in the third quarter worth about $11,225,000. SeaCrest Wealth Management LLC grew its holdings in shares of VanEck Semiconductor ETF by 8.4% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,096 shares of the company’s stock valued at $6,758,000 after purchasing an additional 864 shares during the last quarter. Seros Financial LLC grew its holdings in shares of VanEck Semiconductor ETF by 4.8% during the 3rd quarter. Seros Financial LLC now owns 2,919 shares of the company’s stock valued at $1,778,000 after purchasing an additional 134 shares during the last quarter. NBT Bank N.A. acquired a new position in VanEck Semiconductor ETF during the 3rd quarter worth approximately $43,000. Finally, Investment House LLC acquired a new position in VanEck Semiconductor ETF during the 3rd quarter worth approximately $421,000.
VanEck Semiconductor ETF Trading Up 0.7%
NASDAQ:SMH traded up $3.85 on Friday, hitting $527.20. The company had a trading volume of 7,440,378 shares, compared to its average volume of 9,329,251. The stock has a market capitalization of $64.15 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The firm has a 50 day moving average of $574.68 and a two-hundred day moving average of $566.15. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 week high of $671.83.
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.
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