VanEck Semiconductor ETF $SMH Stock: Burke & Herbert Bank & Trust Co. Trims Position

Burke & Herbert Bank & Trust Co. decreased its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 46.0% in the third quarter, HoldingsChannel reports. The firm owned 4,231 shares of the company’s stock after selling 3,608 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in VanEck Semiconductor ETF were worth $2,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kaydan Wealth Management Inc. grew its position in shares of VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock worth $317,000 after buying an additional 18 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of VanEck Semiconductor ETF by 0.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after buying an additional 21 shares during the period. Lantern Wealth Advisors LLC increased its stake in shares of VanEck Semiconductor ETF by 2.1% during the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock valued at $627,000 after buying an additional 21 shares during the period. JSF Financial LLC increased its stake in shares of VanEck Semiconductor ETF by 2.7% during the first quarter. JSF Financial LLC now owns 1,071 shares of the company’s stock valued at $411,000 after buying an additional 28 shares during the period. Finally, Leigh Baldwin & CO. LLC increased its stake in shares of VanEck Semiconductor ETF by 2.1% during the first quarter. Leigh Baldwin & CO. LLC now owns 1,455 shares of the company’s stock valued at $558,000 after buying an additional 30 shares during the period.

VanEck Semiconductor ETF Stock Down 11.5%

Shares of VanEck Semiconductor ETF stock opened at $446.05 on Friday. The company has a market cap of $56.64 billion, a PE ratio of 34.83 and a beta of 1.78. The business has a 50 day moving average of $567.78 and a 200 day moving average of $520.19. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 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.