VanEck Semiconductor ETF $SMH Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,686 shares of the company’s stock after selling 9,520 shares during the period. VanEck Semiconductor ETF accounts for approximately 0.7% of Sowell Financial Services LLC’s holdings, making the stock its 24th biggest holding. Sowell Financial Services LLC’s holdings in VanEck Semiconductor ETF were worth $25,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at $141,661,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after purchasing an additional 295,000 shares during the period. GoalVest Advisory LLC lifted its stake in VanEck Semiconductor ETF by 290,983.3% in the third quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock valued at $106,362,000 after buying an additional 174,590 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in VanEck Semiconductor ETF by 17.3% in the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after purchasing an additional 133,601 shares during the period. Finally, Copley Financial Group Inc. acquired a new position in shares of VanEck Semiconductor ETF during the second quarter worth about $49,407,000.

VanEck Semiconductor ETF Trading Down 0.4%

Shares of SMH stock opened at $546.36 on Wednesday. The firm’s fifty day moving average price is $577.77 and its two-hundred day moving average price is $564.34. The firm has a market capitalization of $66.49 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1 year low of $315.05 and a 1 year 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.