VanEck Semiconductor ETF $SMH Stock Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC cut its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 35.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,897 shares of the company’s stock after selling 79,039 shares during the period. Kestra Advisory Services LLC owned 0.12% of VanEck Semiconductor ETF worth $89,460,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Telos Capital Management Inc. acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $3,797,000. Quadcap Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $206,000. Platform Technology Partners raised its stake in VanEck Semiconductor ETF by 3.6% in the third quarter. Platform Technology Partners now owns 1,056 shares of the company’s stock valued at $643,000 after purchasing an additional 37 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $120,762,000. Finally, Pathway Financial Advisers LLC bought a new stake in VanEck Semiconductor ETF during the third quarter worth $73,000.

VanEck Semiconductor ETF Trading Down 11.5%

SMH opened at $446.05 on Friday. The company’s 50 day moving average is $567.78 and its 200-day moving average is $520.19. The company has a market cap of $56.64 billion, a P/E ratio of 34.83 and a beta of 1.78. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83.

VanEck Semiconductor ETF Profile

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.