VanEck Semiconductor ETF $SMH Stake Lowered by Victory Financial Group LLC

Victory Financial Group LLC cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 88.2% during the third quarter, HoldingsChannel reports. The fund owned 3,787 shares of the company’s stock after selling 28,195 shares during the quarter. Victory Financial Group LLC’s holdings in VanEck Semiconductor ETF were worth $2,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Latitude Advisors LLC acquired a new position in VanEck Semiconductor ETF in the 3rd quarter worth about $92,000. Foresight Capital Management Advisors Inc. purchased a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $105,000. Roman Butler Fullerton & Co. purchased a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $250,000. SYM FINANCIAL Corp raised its stake in shares of VanEck Semiconductor ETF by 10.7% during the 3rd quarter. SYM FINANCIAL Corp now owns 443 shares of the company’s stock worth $270,000 after purchasing an additional 43 shares in the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $264,000.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $557.98 on Wednesday. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 52-week low of $315.05 and a 52-week high of $671.83. The stock has a 50-day simple moving average of $573.45 and a 200-day simple moving average of $515.72.

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.