VanEck Semiconductor ETF (NASDAQ:SMH) Position Lessened by MGB Wealth Management LLC

MGB Wealth Management LLC trimmed its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,391 shares of the company’s stock after selling 180 shares during the quarter. MGB Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC increased its position in VanEck Semiconductor ETF by 5.1% during the third quarter. Kingsview Wealth Management LLC now owns 22,740 shares of the company’s stock worth $5,582,000 after buying an additional 1,106 shares during the last quarter. Flagstar Advisors Inc. increased its position in VanEck Semiconductor ETF by 46.7% during the third quarter. Flagstar Advisors Inc. now owns 4,834 shares of the company’s stock worth $1,187,000 after buying an additional 1,539 shares during the last quarter. Nwam LLC acquired a new position in VanEck Semiconductor ETF during the third quarter worth $5,280,000. Meridian Wealth Management LLC increased its position in VanEck Semiconductor ETF by 8.5% during the third quarter. Meridian Wealth Management LLC now owns 69,005 shares of the company’s stock worth $16,937,000 after buying an additional 5,392 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in VanEck Semiconductor ETF by 2,961.2% during the third quarter. Icon Wealth Advisors LLC now owns 13,102 shares of the company’s stock worth $3,216,000 after buying an additional 12,674 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $244.62 on Friday. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $156.56 and a one year high of $283.07. The company’s fifty day moving average price is $247.61 and its two-hundred day moving average price is $246.44.

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.