Beaumont Asset Management L.L.C. lowered its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 99.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,777 shares of the company’s stock after selling 179,241 shares during the quarter. Beaumont Asset Management L.L.C.’s holdings in VanEck Semiconductor ETF were worth $1,082,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kaydan Wealth Management Inc. grew its holdings in 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 period. Berger Financial Group Inc increased its stake in VanEck Semiconductor ETF by 1.3% in the first 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 in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in VanEck Semiconductor ETF by 0.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after purchasing an additional 21 shares during the period. Goodman Advisory Group LLC raised its holdings in VanEck Semiconductor ETF by 7.8% in the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after purchasing an additional 23 shares during the period. Finally, Howe & Rusling Inc. boosted its position in shares of VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after purchasing an additional 25 shares in the last quarter.
VanEck Semiconductor ETF Price Performance
NASDAQ SMH opened at $539.79 on Friday. The firm has a market cap of $65.04 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83. The stock’s 50-day moving average is $578.72 and its 200-day moving average is $560.69.
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.
Read More
- Five stocks we like better than VanEck Semiconductor ETF
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Want to see what other hedge funds are holding SMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Semiconductor ETF (NASDAQ:SMH – Free Report).
Receive News & Ratings for VanEck Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
