Transcend Capital Advisors LLC Trims Position in VanEck Semiconductor ETF $SMH

Transcend Capital Advisors LLC decreased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 14.5% in the second quarter, Holdings Channel.com reports. The fund owned 3,209 shares of the company’s stock after selling 544 shares during the period. Transcend Capital Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of VanEck Semiconductor ETF by 46.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after acquiring an additional 907,073 shares during the period. Menora Mivtachim Holdings LTD. increased its position in shares of VanEck Semiconductor ETF by 48.1% during the first quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock worth $104,995,000 after acquiring an additional 161,350 shares during the period. Phoenix Financial Ltd. increased its position in shares of VanEck Semiconductor ETF by 273.2% during the second quarter. Phoenix Financial Ltd. now owns 135,801 shares of the company’s stock worth $37,872,000 after acquiring an additional 99,409 shares during the period. Meitav Investment House Ltd. grew its holdings in VanEck Semiconductor ETF by 26.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after acquiring an additional 97,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in VanEck Semiconductor ETF by 24.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock worth $94,589,000 after acquiring an additional 87,395 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $363.11 on Wednesday. The firm’s 50-day moving average is $319.27 and its two-hundred day moving average is $278.82. The stock has a market cap of $36.05 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $364.67.

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.