VanEck Semiconductor ETF $SMH Shares Sold by XML Financial LLC

XML Financial LLC lessened its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 97.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 782 shares of the company’s stock after selling 26,911 shares during the quarter. XML Financial LLC’s holdings in VanEck Semiconductor ETF were worth $476,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kaydan Wealth Management Inc. grew its stake in VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after buying an additional 18 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of VanEck Semiconductor ETF by 0.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock worth $2,277,000 after acquiring an additional 21 shares during the period. Lantern Wealth Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 2.1% in the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock valued at $627,000 after purchasing an additional 21 shares during the last quarter. JSF Financial LLC grew its position in shares of VanEck Semiconductor ETF by 2.7% in the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock valued at $411,000 after purchasing an additional 28 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC grew its position in shares of VanEck Semiconductor ETF by 2.1% in the first quarter. Leigh Baldwin & CO. LLC now owns 1,455 shares of the company’s stock valued at $558,000 after purchasing an additional 30 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 2.7%

Shares of NASDAQ SMH opened at $504.27 on Thursday. The firm has a market cap of $64.57 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83. The business’s 50 day moving average is $569.98 and its 200-day moving average is $519.96.

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.