IFP Advisors Inc cut its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 24.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,723 shares of the company’s stock after selling 2,526 shares during the period. IFP Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $5,065,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in VanEck Semiconductor ETF by 4.8% during the 1st quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after acquiring an additional 109 shares during the period. Empowered Funds LLC grew its position in VanEck Semiconductor ETF by 32.5% in the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock valued at $2,493,000 after acquiring an additional 2,890 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in VanEck Semiconductor ETF by 28.6% during the second quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $133,000 after purchasing an additional 106 shares during the period. First Trust Advisors LP purchased a new stake in VanEck Semiconductor ETF during the second quarter worth about $370,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $1,116,000.
VanEck Semiconductor ETF Stock Performance
NASDAQ SMH opened at $574.29 on Thursday. The firm has a 50 day simple moving average of $569.72 and a 200-day simple moving average of $525.38. VanEck Semiconductor ETF has a one year low of $298.77 and a one year high of $671.83. The firm has a market cap of $72.15 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.
VanEck Semiconductor ETF 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.
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