Clarus Wealth Advisors Reduces Stock Position in VanEck Semiconductor ETF $SMH

Clarus Wealth Advisors cut its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 28.1% during the second quarter, Holdings Channel reports. The firm owned 3,020 shares of the company’s stock after selling 1,178 shares during the period. Clarus Wealth Advisors’ holdings in VanEck Semiconductor ETF were worth $1,981,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of 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 worth $4,384,288,000 after purchasing an additional 7,678,318 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in VanEck Semiconductor ETF by 158.7% in the 4th 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 period. Focus Partners Wealth raised its position in 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 last quarter. Renaissance Technologies LLC purchased a new position in VanEck Semiconductor ETF during the 1st quarter worth approximately $141,661,000. Finally, Baker Avenue Asset Management LP raised its position in VanEck Semiconductor ETF by 100.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock worth $364,000 after buying an additional 349,979 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 2.0%

Shares of NASDAQ SMH opened at $545.22 on Wednesday. The company has a 50 day simple moving average of $577.50 and a two-hundred day simple moving average of $518.80. The stock has a market cap of $68.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12 month low of $281.74 and a 12 month high of $671.83.

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.