VanEck Semiconductor ETF $SMH Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,723 shares of the company’s stock after selling 2,526 shares during the period. IFP Advisors Inc’s holdings in VanEck Semiconductor ETF were worth $5,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of VanEck Semiconductor ETF by 29.0% during the 2nd quarter. Baird Financial Group Inc. now owns 61,203 shares of the company’s stock worth $40,142,000 after purchasing an additional 13,770 shares during the period. New England Professional Planning Group Inc. purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at about $317,000. Allworth Financial LP lifted its position in VanEck Semiconductor ETF by 6.4% in the second quarter. Allworth Financial LP now owns 8,650 shares of the company’s stock valued at $5,673,000 after buying an additional 521 shares during the last quarter. Waverly Advisors LLC lifted its position in VanEck Semiconductor ETF by 90.4% in the second quarter. Waverly Advisors LLC now owns 47,982 shares of the company’s stock valued at $31,471,000 after buying an additional 22,783 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its stake in VanEck Semiconductor ETF by 195.7% during the second quarter. Brown Lisle Cummings Inc. now owns 414 shares of the company’s stock worth $272,000 after buying an additional 274 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $574.29 on Thursday. VanEck Semiconductor ETF has a 1-year low of $298.77 and a 1-year high of $671.83. The firm has a market cap of $72.15 billion, a PE ratio of 34.83 and a beta of 1.73. The company has a 50-day moving average of $569.72 and a two-hundred day moving average of $525.38.

VanEck Semiconductor ETF Company 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.