Forte Capital LLC ADV Sells 244 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Forte Capital LLC ADV cut its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 11.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,917 shares of the company’s stock after selling 244 shares during the period. Forte Capital LLC ADV’s holdings in VanEck Semiconductor ETF were worth $470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new position in VanEck Semiconductor ETF during the second quarter worth about $26,000. Mendota Financial Group LLC purchased a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth approximately $28,000. TD Capital Management LLC purchased a new stake in VanEck Semiconductor ETF in the second quarter valued at approximately $29,000. Finally, Financial Management Professionals Inc. bought a new stake in VanEck Semiconductor ETF during the third quarter valued at approximately $28,000.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $261.02 on Friday. The firm has a 50 day simple moving average of $243.20 and a two-hundred day simple moving average of $243.51. The stock has a market cap of $25.86 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $150.44 and a one year high of $283.07.

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.