Northwestern Mutual Wealth Management Co. Cuts Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Northwestern Mutual Wealth Management Co. trimmed its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 275,761 shares of the company’s stock after selling 19,789 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Semiconductor ETF were worth $71,894,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raab & Moskowitz Asset Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter valued at approximately $201,000. Susquehanna International Group Ltd. acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $310,000. Main Management Fund Advisors LLC boosted its holdings in shares of VanEck Semiconductor ETF by 8.6% in the second quarter. Main Management Fund Advisors LLC now owns 286,000 shares of the company’s stock valued at $74,560,000 after acquiring an additional 22,700 shares during the period. Main Management ETF Advisors LLC boosted its holdings in shares of VanEck Semiconductor ETF by 2.6% in the second quarter. Main Management ETF Advisors LLC now owns 689,520 shares of the company’s stock valued at $179,758,000 after acquiring an additional 17,340 shares during the period. Finally, Scientech Research LLC acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $663,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $247.74 on Monday. The stock has a fifty day moving average price of $236.29 and a 200 day moving average price of $238.02. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year high of $283.07. The company has a market cap of $22.28 billion, a PE ratio of 18.82 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.