IFP Advisors Inc Lowers Holdings in VanEck Semiconductor ETF $SMH

IFP Advisors Inc lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 92.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,202 shares of the company’s stock after selling 48,679 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SMH. Grove Bank & Trust bought a new stake in VanEck Semiconductor ETF in the 2nd quarter worth about $25,000. Banque Transatlantique SA bought a new stake in VanEck Semiconductor ETF in the 1st quarter worth about $27,000. UMB Bank n.a. bought a new stake in VanEck Semiconductor ETF in the 2nd quarter worth about $28,000. Hilltop National Bank bought a new stake in VanEck Semiconductor ETF in the 2nd quarter worth about $28,000. Finally, Arlington Trust Co LLC increased its holdings in VanEck Semiconductor ETF by 775.0% in the 1st quarter. Arlington Trust Co LLC now owns 175 shares of the company’s stock worth $37,000 after buying an additional 155 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $325.34 on Monday. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $348.53. The stock has a 50-day moving average of $306.82 and a 200 day moving average of $266.50. The company has a market capitalization of $32.25 billion, a price-to-earnings ratio of 34.83 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.