Trademark Financial Management LLC cut its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 62.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,608 shares of the company’s stock after selling 7,774 shares during the quarter. VanEck Semiconductor ETF accounts for 1.1% of Trademark Financial Management LLC’s portfolio, making the stock its 23rd largest holding. Trademark Financial Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,806,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Kaydan Wealth Management Inc. lifted its holdings in shares of VanEck Semiconductor ETF by 3.6% during the third quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after purchasing an additional 18 shares during the last quarter. Berger Financial Group Inc boosted its position in shares of VanEck Semiconductor ETF by 1.3% in the 1st quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after purchasing an additional 21 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position 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 purchasing an additional 21 shares during the period. Lantern Wealth Advisors LLC increased its stake in VanEck Semiconductor ETF by 2.1% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock worth $627,000 after purchasing an additional 21 shares in the last quarter. Finally, Goodman Advisory Group LLC increased its stake in VanEck Semiconductor ETF by 7.8% in the 1st quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after purchasing an additional 23 shares in the last quarter.
VanEck Semiconductor ETF Stock Performance
Shares of SMH opened at $527.20 on Monday. The business’s 50-day moving average price is $574.68 and its 200 day moving average price is $567.34. The stock has a market capitalization of $65.71 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83.
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.
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