VanEck Semiconductor ETF $SMH Stock: Principle Wealth Partners LLC Reduces Holdings

Principle Wealth Partners LLC reduced its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,406 shares of the company’s stock after selling 16,510 shares during the quarter. VanEck Semiconductor ETF makes up about 1.6% of Principle Wealth Partners LLC’s portfolio, making the stock its 12th largest position. Principle Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $34,352,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SMH. Horizon Wealth Management LLC raised its position in shares of VanEck Semiconductor ETF by 579.0% in the 3rd quarter. Horizon Wealth Management LLC now owns 31,466 shares of the company’s stock worth $19,163,000 after acquiring an additional 26,832 shares in the last quarter. Telos Capital Management Inc. bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $3,797,000. Quadcap Wealth Management LLC bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $206,000. Platform Technology Partners boosted its position in shares of VanEck Semiconductor ETF by 3.6% during the 3rd quarter. Platform Technology Partners now owns 1,056 shares of the company’s stock valued at $643,000 after purchasing an additional 37 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $120,762,000.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $446.05 on Friday. The stock has a market capitalization of $56.64 billion, a P/E ratio of 34.83 and a beta of 1.78. The business has a 50 day simple moving average of $567.78 and a 200 day simple moving average of $520.19. VanEck Semiconductor ETF has a one year low of $315.05 and a one year 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.