Avior Wealth Management LLC Cuts Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Avior Wealth Management LLC reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 29.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,631 shares of the company’s stock after selling 1,540 shares during the period. Avior Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of VanEck Semiconductor ETF by 80.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,069 shares of the company’s stock valued at $743,000 after buying an additional 1,366 shares during the last quarter. Allworth Financial LP boosted its position in shares of VanEck Semiconductor ETF by 40.1% during the fourth quarter. Allworth Financial LP now owns 1,250 shares of the company’s stock valued at $334,000 after buying an additional 358 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $200,000. Matauro LLC purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $12,997,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $374,000.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $260.27 on Friday. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $283.07. The stock has a market capitalization of $23.58 billion, a PE ratio of 30.48 and a beta of 1.35. The business’s fifty day moving average is $232.97 and its 200 day moving average is $235.33.

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.