Tactive Advisors LLC Reduces Holdings in VanEck Semiconductor ETF $SMH

Tactive Advisors LLC lessened its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 79.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,810 shares of the company’s stock after selling 31,055 shares during the period. VanEck Semiconductor ETF makes up about 1.2% of Tactive Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Tactive Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $4,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Kaydan Wealth Management Inc. boosted its stake in 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 purchasing an additional 18 shares in the last quarter. City Center Advisors LLC raised its holdings in VanEck Semiconductor ETF by 5.8% in the third quarter. City Center Advisors LLC now owns 3,323 shares of the company’s stock worth $2,023,000 after buying an additional 183 shares during the last quarter. Ayalon Insurance Comp Ltd. lifted its stake in shares of VanEck Semiconductor ETF by 82.4% in the third quarter. Ayalon Insurance Comp Ltd. now owns 74,792 shares of the company’s stock worth $45,548,000 after buying an additional 33,791 shares in the last quarter. FSA Investment Group LLC grew its holdings in shares of VanEck Semiconductor ETF by 59.1% during the third quarter. FSA Investment Group LLC now owns 4,080 shares of the company’s stock valued at $2,485,000 after buying an additional 1,515 shares during the last quarter. Finally, Venture Visionary Partners LLC increased its position in shares of VanEck Semiconductor ETF by 11.2% during the third quarter. Venture Visionary Partners LLC now owns 2,985 shares of the company’s stock valued at $1,818,000 after acquiring an additional 300 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 3.9%

SMH stock traded down $24.28 during midday trading on Thursday, hitting $600.75. The company’s stock had a trading volume of 5,327,358 shares, compared to its average volume of 9,240,245. The company has a market cap of $73.65 billion, a PE ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12 month low of $315.05 and a 12 month high of $671.83. The firm’s 50-day moving average is $576.15 and its 200-day moving average is $552.47.

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.