Avalon Capital Management Reduces Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Avalon Capital Management lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 30.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,561 shares of the company’s stock after selling 10,088 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 1.9% of Avalon Capital Management’s holdings, making the stock its 16th biggest holding. Avalon Capital Management’s holdings in VanEck Semiconductor ETF were worth $5,882,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Cerity Partners LLC purchased a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $656,000. Capital Investment Advisory Services LLC increased its position in VanEck Semiconductor ETF by 137.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 313 shares of the company’s stock worth $55,000 after purchasing an additional 1,145 shares in the last quarter. RWA Wealth Partners LLC purchased a new stake in VanEck Semiconductor ETF during the 4th quarter worth about $3,761,000. Atria Wealth Solutions Inc. increased its position in VanEck Semiconductor ETF by 12.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 33,560 shares of the company’s stock worth $5,869,000 after purchasing an additional 3,643 shares in the last quarter. Finally, Lyell Wealth Management LP increased its position in VanEck Semiconductor ETF by 6.6% during the 4th quarter. Lyell Wealth Management LP now owns 58,328 shares of the company’s stock worth $10,200,000 after purchasing an additional 3,626 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock traded up $5.97 during midday trading on Friday, reaching $248.39. 6,922,914 shares of the company were exchanged, compared to its average volume of 8,520,102. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm’s 50-day simple moving average is $252.25 and its 200-day simple moving average is $232.86. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $283.07.

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.