Robertson Stephens Wealth Management LLC cut its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 89.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,574 shares of the company’s stock after selling 71,332 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,813,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in SMH. Mpwm Advisory Solutions LLC bought a new stake in shares of VanEck Semiconductor ETF during the fourth quarter worth $27,000. Ethos Financial Group LLC acquired a new position in VanEck Semiconductor ETF during the 4th quarter worth about $28,000. Transcendent Capital Group LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $38,000. Halbert Hargrove Global Advisors LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $38,000. Finally, Russell Investments Group Ltd. increased its position in VanEck Semiconductor ETF by 529.3% in the 4th quarter. Russell Investments Group Ltd. now owns 258 shares of the company’s stock valued at $62,000 after acquiring an additional 217 shares in the last quarter.
VanEck Semiconductor ETF Trading Down 0.7%
Shares of NASDAQ SMH opened at $261.59 on Wednesday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $283.07. The company has a 50-day moving average of $229.42 and a two-hundred day moving average of $235.08. The company has a market cap of $23.70 billion, a PE ratio of 30.48 and a beta of 1.35.
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.
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