Concord Asset Management LLC VA Reduces Stake in VanEck Semiconductor ETF $SMH

Concord Asset Management LLC VA lowered its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 19.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,141 shares of the company’s stock after selling 1,904 shares during the period. Concord Asset Management LLC VA’s holdings in VanEck Semiconductor ETF were worth $2,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hall Capital Management Co. Inc. lifted its stake in VanEck Semiconductor ETF by 0.3% in the second quarter. Hall Capital Management Co. Inc. now owns 12,867 shares of the company’s stock worth $3,588,000 after purchasing an additional 37 shares during the last quarter. Delos Wealth Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 0.6% during the first quarter. Delos Wealth Advisors LLC now owns 7,402 shares of the company’s stock valued at $1,565,000 after acquiring an additional 43 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of VanEck Semiconductor ETF by 61.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of VanEck Semiconductor ETF by 1.3% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,511 shares of the company’s stock valued at $742,000 after acquiring an additional 46 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 1.2% during the first quarter. Signature Estate & Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $844,000 after acquiring an additional 47 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock opened at $325.34 on Monday. The company has a 50 day moving average price of $306.82 and a 200-day moving average price of $266.50. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $348.53. The company has a market capitalization of $32.25 billion, a PE ratio of 34.83 and a beta of 1.35.

About VanEck Semiconductor ETF

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.