Cornerstone Wealth Management LLC cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 51.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,355 shares of the company’s stock after selling 29,298 shares during the period. VanEck Semiconductor ETF comprises about 0.7% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. Cornerstone Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $16,659,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB bought a new position in VanEck Semiconductor ETF in the 2nd quarter worth about $30,000. Kings Path Partners LLC purchased a new position in shares of VanEck Semiconductor ETF during the third quarter worth approximately $30,000. Timbuktu Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the second quarter worth approximately $33,000. Finally, Resources Management Corp CT ADV purchased a new position in shares of VanEck Semiconductor ETF during the first quarter worth approximately $38,000.
VanEck Semiconductor ETF Stock Performance
VanEck Semiconductor ETF stock opened at $483.63 on Wednesday. The company has a 50 day moving average price of $562.83 and a 200-day moving average price of $521.39. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83. The company has a market capitalization of $62.55 billion, a PE ratio of 24.39 and a beta of 1.80.
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.
Read More
- Five stocks we like better than VanEck Semiconductor ETF
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for VanEck Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
