VanEck Semiconductor ETF $SMH Stake Reduced by StoneCrest Wealth Management Inc.

StoneCrest Wealth Management Inc. lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,872 shares of the company’s stock after selling 4,845 shares during the quarter. VanEck Semiconductor ETF comprises approximately 3.1% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 9th largest holding. StoneCrest Wealth Management Inc.’s holdings in VanEck Semiconductor ETF were worth $9,754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in VanEck Semiconductor ETF by 170.8% during the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after acquiring an additional 7,678,318 shares during the period. Morgan Stanley raised its holdings in shares of VanEck Semiconductor ETF by 4.8% during the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after purchasing an additional 121,815 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after purchasing an additional 735,425 shares during the last quarter. Meitav Investment House Ltd. lifted its position in VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after purchasing an additional 133,601 shares during the period. Finally, Focus Partners Wealth lifted its position in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the period.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $582.70 on Monday. VanEck Semiconductor ETF has a one year low of $281.15 and a one year high of $671.83. The firm has a market cap of $73.21 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The firm’s fifty day moving average is $595.49 and its two-hundred day moving average is $499.06.

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.