Wedbush Securities Inc. Reduces Holdings in VanEck Semiconductor ETF $SMH

Wedbush Securities Inc. decreased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 14,621 shares of the company’s stock after selling 264 shares during the quarter. Wedbush Securities Inc.’s holdings in VanEck Semiconductor ETF were worth $4,077,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of VanEck Semiconductor ETF by 13.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after purchasing an additional 400 shares during the period. M&T Bank Corp raised its holdings in VanEck Semiconductor ETF by 7.2% in the first quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock worth $339,000 after purchasing an additional 107 shares in the last quarter. Fifth Third Bancorp lifted its position in VanEck Semiconductor ETF by 188.5% during the second quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock valued at $84,000 after buying an additional 196 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in VanEck Semiconductor ETF by 19.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock valued at $8,718,000 after buying an additional 5,092 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of VanEck Semiconductor ETF by 24.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,149 shares of the company’s stock valued at $321,000 after buying an additional 226 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $348.12 on Friday. The firm’s 50-day moving average price is $329.78 and its 200-day moving average price is $287.30. The company has a market capitalization of $34.95 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $372.78.

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.