KP Management LLC Lowers Position in VanEck Semiconductor ETF (NASDAQ:SMH)

KP Management LLC reduced its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 35.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,500 shares of the company’s stock after selling 9,000 shares during the quarter. KP Management LLC’s holdings in VanEck Semiconductor ETF were worth $3,996,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SMH. Westside Investment Management Inc. increased its stake in shares of VanEck Semiconductor ETF by 0.7% in the third quarter. Westside Investment Management Inc. now owns 7,090 shares of the company’s stock worth $1,740,000 after buying an additional 46 shares during the period. SOA Wealth Advisors LLC. increased its position in shares of VanEck Semiconductor ETF by 11.6% during the third quarter. SOA Wealth Advisors LLC. now owns 2,026 shares of the company’s stock valued at $497,000 after buying an additional 211 shares during the period. Pine Valley Investments Ltd Liability Co raised its stake in VanEck Semiconductor ETF by 3.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,812 shares of the company’s stock worth $445,000 after buying an additional 54 shares in the last quarter. World Investment Advisors LLC lifted its holdings in VanEck Semiconductor ETF by 35.5% in the third quarter. World Investment Advisors LLC now owns 18,327 shares of the company’s stock worth $4,498,000 after buying an additional 4,798 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at approximately $430,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $211.97 on Friday. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $283.07. The firm has a market capitalization of $19.55 billion, a P/E ratio of 32.48 and a beta of 1.39. The stock has a 50 day moving average price of $215.56 and a 200-day moving average price of $237.33.

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.