Avaii Wealth Management LLC Sells 2,269 Shares of VanEck Semiconductor ETF $SMH

Avaii Wealth Management LLC reduced its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 81.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 515 shares of the company’s stock after selling 2,269 shares during the quarter. Avaii Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SMH. Allied Private Wealth LLC bought a new position in VanEck Semiconductor ETF in the second quarter worth about $26,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $30,000. Timbuktu Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $33,000. Trust Co. of Vermont acquired a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $46,000. Finally, American National Bank & Trust raised its position in shares of VanEck Semiconductor ETF by 151.6% during the 3rd quarter. American National Bank & Trust now owns 78 shares of the company’s stock worth $48,000 after purchasing an additional 47 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH traded down $3.94 during mid-day trading on Friday, hitting $603.33. The company had a trading volume of 5,504,777 shares, compared to its average volume of 9,264,590. VanEck Semiconductor ETF has a 12 month low of $315.05 and a 12 month high of $671.83. The stock has a market cap of $74.26 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The firm’s 50 day simple moving average is $577.52 and its two-hundred day simple moving average is $554.04.

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.