CoreCap Advisors LLC Sells 1,781 Shares of VanEck Semiconductor ETF $SMH

CoreCap Advisors LLC cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,392 shares of the company’s stock after selling 1,781 shares during the period. CoreCap Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $14,855,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. increased its position in shares of VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after buying an additional 133,601 shares during the period. Focus Partners Wealth boosted its position in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after acquiring an additional 671,673 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after acquiring an additional 295,000 shares during the period. Cetera Investment Advisers raised its position in shares of VanEck Semiconductor ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after acquiring an additional 16,810 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at about $141,661,000.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock traded down $17.76 on Thursday, hitting $607.27. 11,143,564 shares of the company’s stock traded hands, compared to its average volume of 9,283,761. The company has a fifty day moving average of $577.52 and a two-hundred day moving average of $554.04. VanEck Semiconductor ETF has a one year low of $315.05 and a one year high of $671.83. The company has a market capitalization of $74.45 billion, a price-to-earnings 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.