Orleans Capital Management Corp LA Cuts Holdings in VanEck Semiconductor ETF $SMH

Orleans Capital Management Corp LA reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 14.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,591 shares of the company’s stock after selling 1,750 shares during the quarter. VanEck Semiconductor ETF makes up 2.7% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 7th largest holding. Orleans Capital Management Corp LA’s holdings in VanEck Semiconductor ETF were worth $4,061,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in VanEck Semiconductor ETF by 170.8% during the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares during the last quarter. Morgan Stanley lifted its stake in shares of VanEck Semiconductor ETF by 4.8% in the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after buying an additional 121,815 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of VanEck Semiconductor ETF by 158.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after buying an additional 735,425 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of VanEck Semiconductor ETF by 17.3% during the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after buying an additional 133,601 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of VanEck Semiconductor ETF by 906.5% during the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after buying an additional 671,673 shares during the period.

VanEck Semiconductor ETF Trading Down 1.1%

NASDAQ:SMH opened at $580.17 on Friday. VanEck Semiconductor ETF has a 1 year low of $279.19 and a 1 year high of $671.83. The firm’s fifty day simple moving average is $600.69 and its 200 day simple moving average is $486.52. The firm has a market capitalization of $70.31 billion, a PE ratio of 34.83 and a beta of 1.71.

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.