Canvas Wealth Advisors LLC Decreases Holdings in VanEck Semiconductor ETF $SMH

Canvas Wealth Advisors LLC trimmed its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,778 shares of the company’s stock after selling 123 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Hall Capital Management Co. Inc. raised its position in shares of VanEck Semiconductor ETF by 0.3% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 12,867 shares of the company’s stock valued at $3,588,000 after buying an additional 37 shares in the last quarter. Delos Wealth Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 0.6% during the 1st quarter. Delos Wealth Advisors LLC now owns 7,402 shares of the company’s stock valued at $1,565,000 after buying an additional 43 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of VanEck Semiconductor ETF by 61.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its position in shares of VanEck Semiconductor ETF by 1.3% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,511 shares of the company’s stock valued at $742,000 after buying an additional 46 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 1.2% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $844,000 after buying an additional 47 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 0.1%

Shares of NASDAQ SMH opened at $342.83 on Monday. The firm’s 50-day moving average price is $311.87 and its 200-day moving average price is $271.09. The stock has a market capitalization of $33.51 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $348.53.

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.