Cornerstone Enterprises LLC Trims Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Cornerstone Enterprises LLC cut its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,578 shares of the company’s stock after selling 962 shares during the quarter. VanEck Semiconductor ETF accounts for about 5.0% of Cornerstone Enterprises LLC’s holdings, making the stock its 9th biggest holding. Cornerstone Enterprises LLC’s holdings in VanEck Semiconductor ETF were worth $8,374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of VanEck Semiconductor ETF by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock valued at $348,091,000 after purchasing an additional 133,724 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in VanEck Semiconductor ETF by 4.1% during the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock worth $151,269,000 after purchasing an additional 24,516 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of VanEck Semiconductor ETF in the fourth quarter valued at approximately $144,385,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of VanEck Semiconductor ETF by 144.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after buying an additional 202,744 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in VanEck Semiconductor ETF by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 326,088 shares of the company’s stock valued at $79,934,000 after purchasing an additional 1,392 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH opened at $201.31 on Friday. The stock has a fifty day moving average of $225.92 and a 200-day moving average of $240.75. The stock has a market cap of $17.99 billion, a PE ratio of 25.25 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $283.07.

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.