VanEck Semiconductor ETF $SMH Stock: Three Magnolias Financial Advisors LLC Cuts Position

Three Magnolias Financial Advisors LLC trimmed its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,329 shares of the company’s stock after selling 965 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 2.6% of Three Magnolias Financial Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Three Magnolias Financial Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $4,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SMH. Meitav Investment House Ltd. raised its stake in shares of VanEck Semiconductor ETF by 17.3% in the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after purchasing an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after purchasing an additional 295,000 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of VanEck Semiconductor ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after purchasing an additional 16,810 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of VanEck Semiconductor ETF during the first quarter valued at $141,661,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of VanEck Semiconductor ETF by 17.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 338,536 shares of the company’s stock valued at $121,918,000 after buying an additional 51,092 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock traded down $20.72 during trading on Wednesday, hitting $567.40. 5,762,960 shares of the company’s stock traded hands, compared to its average volume of 9,223,804. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year high of $671.83. The business has a 50-day simple moving average of $579.93 and a 200-day simple moving average of $558.25. The stock has a market capitalization of $69.84 billion, a P/E ratio of 34.83 and a beta of 1.73.

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.