VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by StoneCrest Wealth Management Inc.

StoneCrest Wealth Management Inc. cut its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,161 shares of the company’s stock after selling 88 shares during the period. VanEck Semiconductor ETF comprises about 4.0% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 8th largest position. StoneCrest Wealth Management Inc.’s holdings in VanEck Semiconductor ETF were worth $5,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMH. Jane Street Group LLC increased its stake in VanEck Semiconductor ETF by 20.9% during the 1st quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock worth $1,360,049,000 after purchasing an additional 1,045,570 shares in the last quarter. LPL Financial LLC increased its position in shares of VanEck Semiconductor ETF by 20.9% during the second quarter. LPL Financial LLC now owns 1,629,628 shares of the company’s stock worth $424,844,000 after acquiring an additional 281,252 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of VanEck Semiconductor ETF by 46.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after acquiring an additional 514,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in VanEck Semiconductor ETF by 109.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock valued at $246,144,000 after acquiring an additional 494,164 shares in the last quarter. Finally, Main Management ETF Advisors LLC boosted its stake in VanEck Semiconductor ETF by 2.6% in the 2nd quarter. Main Management ETF Advisors LLC now owns 689,520 shares of the company’s stock worth $179,758,000 after purchasing an additional 17,340 shares during the period.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $252.52 on Wednesday. The stock has a 50-day simple moving average of $236.72 and a 200 day simple moving average of $239.23. VanEck Semiconductor ETF has a 52-week low of $136.10 and a 52-week high of $283.07. The company has a market cap of $24.23 billion, a PE ratio of 18.82 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.