B. Riley Wealth Advisors Inc. Reduces Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

B. Riley Wealth Advisors Inc. cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 25.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,287 shares of the company’s stock after selling 5,866 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $4,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brass Tax Wealth Management Inc. bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $302,000. Franklin Resources Inc. raised its position in VanEck Semiconductor ETF by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,539 shares of the company’s stock worth $402,000 after purchasing an additional 50 shares during the period. Peapack Gladstone Financial Corp lifted its stake in VanEck Semiconductor ETF by 8.8% in the third quarter. Peapack Gladstone Financial Corp now owns 12,134 shares of the company’s stock worth $2,978,000 after purchasing an additional 977 shares during the last quarter. Synovus Financial Corp boosted its position in shares of VanEck Semiconductor ETF by 234.4% during the third quarter. Synovus Financial Corp now owns 7,458 shares of the company’s stock valued at $1,830,000 after buying an additional 5,228 shares during the period. Finally, PVG Asset Management Corp purchased a new position in shares of VanEck Semiconductor ETF during the third quarter valued at approximately $335,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH opened at $249.49 on Friday. VanEck Semiconductor ETF has a fifty-two week low of $163.97 and a fifty-two week high of $283.07. The company has a market cap of $24.72 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The business’s 50 day moving average price is $248.60 and its 200-day moving average price is $247.69.

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.