Jackson Wealth Management LLC Has $1.71 Million Position in VanEck Semiconductor ETF $SMH

Jackson Wealth Management LLC lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 94.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,611 shares of the company’s stock after selling 47,559 shares during the quarter. VanEck Semiconductor ETF accounts for about 1.0% of Jackson Wealth Management LLC’s holdings, making the stock its 18th biggest position. Jackson Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,713,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of VanEck Semiconductor ETF by 170.8% in the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after acquiring an additional 7,678,318 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after purchasing an additional 735,425 shares during the period. Focus Partners Wealth raised its position in shares of VanEck Semiconductor ETF by 906.5% in the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the period. Renaissance Technologies LLC bought a new position in shares of VanEck Semiconductor ETF in the first quarter valued at approximately $141,661,000. Finally, Baker Avenue Asset Management LP lifted its stake in shares of VanEck Semiconductor ETF by 100.3% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock worth $364,000 after buying an additional 349,979 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 0.6%

Shares of VanEck Semiconductor ETF stock opened at $556.63 on Tuesday. The firm has a fifty day simple moving average of $579.03 and a 200-day simple moving average of $517.88. The stock has a market capitalization of $69.93 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $281.74 and a 1-year high of $671.83.

About VanEck Semiconductor ETF

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.