Garden State Investment Advisory Services LLC Has $1.82 Million Stock Position in VanEck Semiconductor ETF $SMH

Garden State Investment Advisory Services LLC lessened its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 33.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,511 shares of the company’s stock after selling 3,259 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in VanEck Semiconductor ETF were worth $1,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Curi Capital LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter worth approximately $203,000. BTG Pactual Asset Management US LLC acquired a new position in VanEck Semiconductor ETF in the 2nd quarter worth approximately $202,000. Brevan Howard Capital Management LP purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $1,408,000. Ameriprise Financial Inc. raised its stake in VanEck Semiconductor ETF by 14.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 284,681 shares of the company’s stock valued at $79,415,000 after purchasing an additional 35,988 shares during the period. Finally, Ausdal Financial Partners Inc. raised its stake in VanEck Semiconductor ETF by 22.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 12,821 shares of the company’s stock valued at $3,576,000 after purchasing an additional 2,355 shares during the period.

VanEck Semiconductor ETF Stock Down 4.5%

Shares of VanEck Semiconductor ETF stock opened at $354.12 on Friday. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $375.59. The stock has a market cap of $35.55 billion, a PE ratio of 34.83 and a beta of 1.52. The business has a fifty day simple moving average of $350.13 and a 200-day simple moving average of $309.09.

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.