Apollon Wealth Management LLC Sells 1,227 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Apollon Wealth Management LLC reduced its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,399 shares of the company’s stock after selling 1,227 shares during the quarter. Apollon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,644,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CI Investments Inc. increased its position in VanEck Semiconductor ETF by 166.7% during the 3rd quarter. CI Investments Inc. now owns 1,553,303 shares of the company’s stock valued at $225,198,000 after purchasing an additional 970,943 shares during the period. Meitav Investment House Ltd. boosted its stake in shares of VanEck Semiconductor ETF by 103.2% during the 4th quarter. Meitav Investment House Ltd. now owns 732,008 shares of the company’s stock valued at $127,948,000 after purchasing an additional 371,831 shares in the last quarter. Private Advisor Group LLC raised its stake in VanEck Semiconductor ETF by 111.9% in the fourth quarter. Private Advisor Group LLC now owns 31,281 shares of the company’s stock worth $5,371,000 after buying an additional 293,538 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in VanEck Semiconductor ETF in the fourth quarter worth about $40,189,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in VanEck Semiconductor ETF by 103.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 295,190 shares of the company’s stock valued at $51,620,000 after acquiring an additional 150,444 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 0.4 %

Shares of SMH stock traded down $0.84 during midday trading on Wednesday, reaching $219.89. 2,029,062 shares of the stock were exchanged, compared to its average volume of 8,468,233. The firm has a market cap of $18.35 billion, a PE ratio of 18.82 and a beta of 1.87. The company’s 50 day moving average is $219.51 and its two-hundred day moving average is $189.33. VanEck Semiconductor ETF has a 1 year low of $121.81 and a 1 year high of $239.14.

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.