Commonwealth Equity Services LLC Lowers Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Commonwealth Equity Services LLC cut its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 2.5% in the 3rd quarter, Holdings Channel reports. The fund owned 242,399 shares of the company’s stock after selling 6,252 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VanEck Semiconductor ETF were worth $59,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SMH. Chilton Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $26,000. Mendota Financial Group LLC purchased a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new position in VanEck Semiconductor ETF in the 2nd quarter valued at $28,000. TD Capital Management LLC purchased a new position in VanEck Semiconductor ETF during the 2nd quarter worth $29,000. Finally, Olistico Wealth LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth $31,000.

VanEck Semiconductor ETF Stock Down 0.0 %

Shares of NASDAQ:SMH opened at $251.51 on Friday. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $136.10 and a fifty-two week high of $283.07. The firm’s 50-day simple moving average is $241.46 and its 200-day simple moving average is $240.67.

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.