VanEck Semiconductor ETF $SMH Stock Sold by Moneco Advisors LLC

Moneco Advisors LLC reduced its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 74.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,031 shares of the company’s stock after selling 45,677 shares during the quarter. Moneco Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $9,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kaydan Wealth Management Inc. grew its position in shares of VanEck Semiconductor ETF by 3.6% during the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock worth $317,000 after buying an additional 18 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of VanEck Semiconductor ETF by 0.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after acquiring an additional 21 shares in the last quarter. Lantern Wealth Advisors LLC lifted its position in shares of VanEck Semiconductor ETF by 2.1% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock valued at $627,000 after acquiring an additional 21 shares during the period. Hohimer Wealth Management LLC lifted its position in shares of VanEck Semiconductor ETF by 6.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 418 shares of the company’s stock valued at $255,000 after acquiring an additional 27 shares during the period. Finally, JSF Financial LLC boosted its stake in VanEck Semiconductor ETF by 2.7% during the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock worth $411,000 after acquiring an additional 28 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 0.8%

Shares of NASDAQ SMH opened at $483.63 on Wednesday. The firm has a market cap of $62.55 billion, a PE ratio of 24.39 and a beta of 1.80. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The company’s fifty day simple moving average is $562.83 and its 200 day simple moving average is $521.39.

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.