VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,719 shares of the company’s stock after selling 3,112 shares during the period. NewEdge Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $6,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of VanEck Semiconductor ETF during the fourth quarter valued at $144,385,000. JPMorgan Chase & Co. grew its stake in VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after purchasing an additional 424,042 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in shares of VanEck Semiconductor ETF by 3,218.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 335,150 shares of the company’s stock valued at $81,163,000 after purchasing an additional 325,050 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of VanEck Semiconductor ETF by 144.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after purchasing an additional 202,744 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth about $28,664,000.

VanEck Semiconductor ETF Stock Down 0.9 %

Shares of NASDAQ SMH opened at $192.53 on Friday. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $283.07. The business’s 50 day moving average price is $220.80 and its 200 day moving average price is $239.08. The firm has a market cap of $17.72 billion, a P/E ratio of 25.25 and a beta of 1.35.

VanEck Semiconductor ETF 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.