VanEck Semiconductor ETF $SMH Stock: TPG Advisors LLC Trims Position

TPG Advisors LLC lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 99.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 390 shares of the company’s stock after selling 82,272 shares during the period. TPG Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMH. Renaissance Technologies LLC purchased a new stake in VanEck Semiconductor ETF in the first quarter worth $141,661,000. Clal Insurance Enterprises Holdings Ltd lifted its position in VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after buying an additional 295,000 shares during the period. GoalVest Advisory LLC lifted its position in VanEck Semiconductor ETF by 290,983.3% during the third quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock valued at $106,362,000 after buying an additional 174,590 shares during the period. Meitav Investment House Ltd. lifted its position in VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after buying an additional 133,601 shares during the period. Finally, Copley Financial Group Inc. bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $49,407,000.

VanEck Semiconductor ETF Stock Down 3.4%

Shares of NASDAQ:SMH traded down $19.05 during midday trading on Friday, reaching $539.79. The company’s stock had a trading volume of 18,358,879 shares, compared to its average volume of 9,331,763. The firm has a 50 day moving average of $578.72 and a 200-day moving average of $560.69. The firm has a market capitalization of $65.04 billion, a P/E 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.

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.