IHT Wealth Management LLC Lowers Holdings in VanEck Semiconductor ETF $SMH

IHT Wealth Management LLC trimmed its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 12.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,398 shares of the company’s stock after selling 3,132 shares during the period. IHT Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $8,066,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Brooklyn Investment Group boosted its holdings in VanEck Semiconductor ETF by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock valued at $434,000 after purchasing an additional 26 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in VanEck Semiconductor ETF by 1.8% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,624 shares of the company’s stock valued at $585,000 after purchasing an additional 29 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in VanEck Semiconductor ETF by 3.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 844 shares of the company’s stock valued at $304,000 after purchasing an additional 29 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in VanEck Semiconductor ETF by 0.3% in the fourth quarter. Arkadios Wealth Advisors now owns 8,670 shares of the company’s stock valued at $3,122,000 after purchasing an additional 30 shares during the last quarter. Finally, One Capital Management LLC boosted its holdings in VanEck Semiconductor ETF by 0.3% in the fourth quarter. One Capital Management LLC now owns 11,036 shares of the company’s stock valued at $3,974,000 after purchasing an additional 31 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $623.97 on Thursday. VanEck Semiconductor ETF has a one year low of $257.12 and a one year high of $649.24. The firm has a market cap of $72.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. The firm’s fifty day moving average is $541.55 and its two-hundred day moving average is $441.43.

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.