VanEck Semiconductor ETF $SMH Stock Position Decreased by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC reduced its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 84.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,846 shares of the company’s stock after selling 379,781 shares during the period. VanEck Semiconductor ETF accounts for 0.9% of Main Management ETF Advisors LLC’s portfolio, making the stock its 10th biggest holding. Main Management ETF Advisors LLC owned 0.06% of VanEck Semiconductor ETF worth $24,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SMH. Bank of Nova Scotia lifted its position in shares of VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after buying an additional 752,097 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after buying an additional 735,425 shares in the last quarter. Capital Markets Trading UK LLP lifted its position in shares of VanEck Semiconductor ETF by 100.7% during the 3rd quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after buying an additional 617,050 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of VanEck Semiconductor ETF by 100.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock valued at $364,000 after buying an additional 349,979 shares in the last quarter. Finally, RiverFront Investment Group LLC lifted its position in shares of VanEck Semiconductor ETF by 249.6% during the 4th quarter. RiverFront Investment Group LLC now owns 399,345 shares of the company’s stock valued at $143,816,000 after buying an additional 285,117 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $598.93 on Monday. The business’s 50-day moving average price is $483.77 and its 200-day moving average price is $416.84. VanEck Semiconductor ETF has a twelve month low of $235.37 and a twelve month high of $612.30. The stock has a market cap of $69.59 billion, a P/E ratio of 34.83 and a beta of 1.70.

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.