United Advisor Group LLC Sells 6,685 Shares of VanEck Semiconductor ETF $SMH

United Advisor Group LLC cut its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 86.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,059 shares of the company’s stock after selling 6,685 shares during the quarter. United Advisor Group LLC’s holdings in VanEck Semiconductor ETF were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SMH. Schuylkill Financial LLC acquired a new stake in VanEck Semiconductor ETF during the second quarter worth about $2,262,000. Markowski Investments purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $656,000. XML Financial LLC raised its holdings in shares of VanEck Semiconductor ETF by 4,002.7% in the 2nd quarter. XML Financial LLC now owns 27,693 shares of the company’s stock worth $18,164,000 after purchasing an additional 27,018 shares during the period. Valued Retirements Inc. acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at about $4,503,000. Finally, PCG Wealth Advisors LLC lifted its stake in shares of VanEck Semiconductor ETF by 11.8% in the 2nd quarter. PCG Wealth Advisors LLC now owns 13,707 shares of the company’s stock valued at $8,990,000 after purchasing an additional 1,447 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $463.96 on Monday. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83. The firm has a market capitalization of $60.19 billion, a P/E ratio of 34.83 and a beta of 1.78. The business’s 50-day simple moving average is $565.60 and its 200-day simple moving average is $520.56.

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.