SBE LLC DBA Cedar Cove Wealth Partners increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 48.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,618 shares of the company’s stock after purchasing an additional 6,082 shares during the quarter. VanEck Semiconductor ETF accounts for 5.4% of SBE LLC DBA Cedar Cove Wealth Partners’ holdings, making the stock its 4th largest holding. SBE LLC DBA Cedar Cove Wealth Partners’ holdings in VanEck Semiconductor ETF were worth $11,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Kaydan Wealth Management Inc. increased its stake in shares of VanEck Semiconductor ETF by 3.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after acquiring an additional 18 shares during the last quarter. Berger Financial Group Inc raised its holdings in VanEck Semiconductor ETF by 1.3% during the 1st quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock worth $636,000 after buying an additional 21 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in VanEck Semiconductor ETF by 0.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after buying an additional 21 shares in the last quarter. Goodman Advisory Group LLC raised its holdings in shares of VanEck Semiconductor ETF by 7.8% during the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after acquiring an additional 23 shares during the period. Finally, Howe & Rusling Inc. lifted its position in VanEck Semiconductor ETF by 4.3% in the 1st quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after acquiring an additional 25 shares in the last quarter.
VanEck Semiconductor ETF Stock Performance
NASDAQ SMH traded down $13.06 on Thursday, reaching $551.68. The company had a trading volume of 8,965,425 shares, compared to its average volume of 9,253,426. The company’s fifty day moving average is $579.83 and its 200-day moving average is $559.54. The firm has a market capitalization of $66.47 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83.
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.
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