VanEck Semiconductor ETF $SMH Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,834 shares of the company’s stock after selling 1,485 shares during the quarter. Merit Financial Group LLC’s holdings in VanEck Semiconductor ETF were worth $14,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia boosted its position in shares of VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after purchasing an additional 752,097 shares during the period. Menora Mivtachim Holdings LTD. boosted its position in shares of VanEck Semiconductor ETF by 0.4% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock valued at $187,983,000 after purchasing an additional 2,500 shares during the period. Meitav Investment House Ltd. boosted its position in shares of VanEck Semiconductor ETF by 17.0% in the 3rd quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock valued at $181,266,000 after purchasing an additional 80,957 shares during the period. Raymond James Financial Inc. boosted its position in shares of VanEck Semiconductor ETF by 8.3% in the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after purchasing an additional 40,831 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of VanEck Semiconductor ETF by 8.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 526,529 shares of the company’s stock valued at $171,838,000 after purchasing an additional 41,280 shares during the period.

VanEck Semiconductor ETF Stock Up 2.1%

NASDAQ:SMH opened at $464.16 on Friday. VanEck Semiconductor ETF has a 1-year low of $184.40 and a 1-year high of $464.58. The firm has a market capitalization of $53.56 billion, a price-to-earnings ratio of 34.83 and a beta of 1.55. The stock has a fifty day simple moving average of $405.81 and a 200 day simple moving average of $377.87.

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.