Assetmark Inc. Sells 2,165 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Assetmark Inc. reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,888 shares of the company’s stock after selling 2,165 shares during the quarter. Assetmark Inc.’s holdings in VanEck Semiconductor ETF were worth $2,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mendota Financial Group LLC bought a new position in VanEck Semiconductor ETF in the 3rd quarter worth $25,000. Chilton Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $26,000. Innealta Capital LLC purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $28,000. Finally, TD Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at approximately $29,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $247.63 on Thursday. VanEck Semiconductor ETF has a one year low of $156.56 and a one year high of $283.07. The company’s fifty day moving average price is $244.72 and its 200-day moving average price is $245.07. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

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.