VanEck Semiconductor ETF $SMH Stake Lessened by Root Financial Partners LLC

Root Financial Partners LLC decreased its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 92.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 798 shares of the company’s stock after selling 9,242 shares during the period. Root Financial Partners LLC’s holdings in VanEck Semiconductor ETF were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in VanEck Semiconductor ETF in the first quarter valued at $141,661,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in VanEck Semiconductor ETF by 107.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after acquiring an additional 295,000 shares in the last quarter. GoalVest Advisory LLC boosted its stake in VanEck Semiconductor ETF by 290,983.3% in the third quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock valued at $106,362,000 after acquiring an additional 174,590 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after acquiring an additional 133,601 shares in the last quarter. Finally, Copley Financial Group Inc. purchased a new position in shares of VanEck Semiconductor ETF during the second quarter worth about $49,407,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $527.20 on Friday. The stock’s 50-day moving average is $574.68 and its two-hundred day moving average is $566.15. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83. The firm has a market cap of $64.15 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73.

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.