James J. Burns & Company LLC lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 99.4% in the third quarter, HoldingsChannel.com reports. The fund owned 1,132 shares of the company’s stock after selling 194,605 shares during the quarter. James J. Burns & Company LLC’s holdings in VanEck Semiconductor ETF were worth $690,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of SMH. Manchester Capital Management LLC acquired a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at $61,000. Farmers & Merchants Investments Inc. bought a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $46,000. Capital Investment Advisors LLC bought a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $1,002,000. Wedbush Securities Inc. acquired a new position in VanEck Semiconductor ETF in the third quarter worth $8,955,000. Finally, BIP Wealth LLC boosted its stake in VanEck Semiconductor ETF by 4.0% in the third quarter. BIP Wealth LLC now owns 8,512 shares of the company’s stock worth $5,184,000 after purchasing an additional 326 shares in the last quarter.
VanEck Semiconductor ETF Price Performance
Shares of SMH stock traded up $3.85 during trading hours on Friday, hitting $527.20. 7,440,378 shares of the company’s stock were exchanged, compared to its average volume of 9,329,251. The stock’s 50-day moving average is $574.68 and its 200-day moving average is $566.15. The stock has a market cap of $64.15 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 week 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.
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