VanEck Semiconductor ETF $SMH Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. trimmed its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,833 shares of the company’s stock after selling 1,164 shares during the quarter. Institute for Wealth Management LLC.’s holdings in VanEck Semiconductor ETF were worth $4,973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of VanEck Semiconductor ETF by 46.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after purchasing an additional 907,073 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake 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 valued at $104,995,000 after acquiring an additional 161,350 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of VanEck Semiconductor ETF by 24.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock valued at $94,589,000 after acquiring an additional 87,395 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of VanEck Semiconductor ETF by 4.8% during the first quarter. Cetera Investment Advisers now owns 389,916 shares of the company’s stock valued at $82,455,000 after acquiring an additional 17,940 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of VanEck Semiconductor ETF by 3.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 356,017 shares of the company’s stock valued at $75,287,000 after acquiring an additional 12,811 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 1.1%

SMH opened at $326.36 on Wednesday. The business’s fifty day simple moving average is $299.01 and its 200 day simple moving average is $259.99. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $326.83. The firm has a market cap of $30.14 billion, a P/E 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.