Kraft Davis & Associates LLC Lowers Holdings in VanEck Semiconductor ETF $SMH

Kraft Davis & Associates LLC lowered its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 18.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,208 shares of the company’s stock after selling 13,459 shares during the quarter. VanEck Semiconductor ETF comprises 8.1% of Kraft Davis & Associates LLC’s holdings, making the stock its biggest position. Kraft Davis & Associates LLC owned 0.05% of VanEck Semiconductor ETF worth $39,490,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of VanEck Semiconductor ETF by 72.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock valued at $145,296,000 after buying an additional 169,737 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in VanEck Semiconductor ETF by 58.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after acquiring an additional 11,973 shares during the period. Assetmark Inc. increased its stake in VanEck Semiconductor ETF by 24.9% during the 4th quarter. Assetmark Inc. now owns 62,474 shares of the company’s stock worth $22,499,000 after acquiring an additional 12,467 shares during the period. Farther Finance Advisors LLC raised its holdings in VanEck Semiconductor ETF by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 13,257 shares of the company’s stock valued at $4,774,000 after acquiring an additional 2,807 shares in the last quarter. Finally, CWM LLC raised its holdings in VanEck Semiconductor ETF by 14.6% in the 4th quarter. CWM LLC now owns 11,699 shares of the company’s stock valued at $4,213,000 after acquiring an additional 1,488 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $569.41 on Tuesday. The stock has a fifty day moving average price of $594.72 and a 200-day moving average price of $500.32. The company has a market cap of $71.54 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a fifty-two week low of $281.15 and a fifty-two week high of $671.83.

VanEck Semiconductor ETF Company 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.