Merkkuri Wealth Advisors LLC Sells 5,081 Shares of VanEck Semiconductor ETF $SMH

Merkkuri Wealth Advisors LLC lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 88.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 676 shares of the company’s stock after selling 5,081 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kaydan Wealth Management Inc. lifted its stake in VanEck Semiconductor ETF by 3.6% during the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after acquiring an additional 18 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings 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 during the last quarter. Lantern Wealth Advisors LLC boosted its holdings in shares of VanEck Semiconductor ETF by 2.1% in 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 last quarter. JSF Financial LLC increased its stake in shares of VanEck Semiconductor ETF by 2.7% in 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 during the period. Finally, Leigh Baldwin & CO. LLC increased its stake in shares of VanEck Semiconductor ETF by 2.1% in the first quarter. Leigh Baldwin & CO. LLC now owns 1,455 shares of the company’s stock worth $558,000 after acquiring an additional 30 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock traded up $16.23 during trading on Friday, hitting $463.96. 16,834,032 shares of the company’s stock were exchanged, compared to its average volume of 9,480,344. The business has a 50-day simple moving average of $565.60 and a 200-day simple moving average of $520.56. VanEck Semiconductor ETF has a 52-week low of $315.05 and a 52-week high of $671.83. The stock has a market capitalization of $58.92 billion, a price-to-earnings ratio of 34.83 and a beta of 1.78.

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.