2,954 VanEck Semiconductor ETF $SMH Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 17.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,741 shares of the company’s stock after selling 2,954 shares during the quarter. Parallel Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $8,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Flagship Wealth Advisors LLC increased its holdings in VanEck Semiconductor ETF by 1.1% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 7,214 shares of the company’s stock valued at $4,393,000 after purchasing an additional 75 shares in the last quarter. Tamar Securities LLC lifted its stake in shares of VanEck Semiconductor ETF by 14.8% during the third quarter. Tamar Securities LLC now owns 22,782 shares of the company’s stock worth $13,874,000 after purchasing an additional 2,945 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $172,000. Canvas Wealth Advisors LLC lifted its stake in shares of VanEck Semiconductor ETF by 7.1% during the third quarter. Canvas Wealth Advisors LLC now owns 1,458 shares of the company’s stock worth $819,000 after purchasing an additional 97 shares in the last quarter. Finally, Asset One Wealth Management LLC boosted its position in shares of VanEck Semiconductor ETF by 2.9% in the third quarter. Asset One Wealth Management LLC now owns 4,137 shares of the company’s stock worth $2,519,000 after buying an additional 115 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $463.96 on Friday. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83. The company has a market capitalization of $58.92 billion, a price-to-earnings ratio of 34.83 and a beta of 1.78. The business has a 50-day moving average of $565.60 and a 200-day moving average of $520.56.

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.