VanEck Semiconductor ETF $SMH Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC trimmed its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,702 shares of the company’s stock after selling 6,470 shares during the quarter. VanEck Semiconductor ETF comprises 1.2% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 16th biggest holding. Principle Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $21,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SMH. Bank of Nova Scotia lifted its position in VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after acquiring an additional 752,097 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after buying an additional 735,425 shares during the period. Capital Markets Trading UK LLP lifted its holdings in shares of VanEck Semiconductor ETF by 100.7% in the 3rd quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after buying an additional 617,050 shares during the period. RiverFront Investment Group LLC lifted its holdings in shares of VanEck Semiconductor ETF by 249.6% in the 4th quarter. RiverFront Investment Group LLC now owns 399,345 shares of the company’s stock valued at $143,816,000 after buying an additional 285,117 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of VanEck Semiconductor ETF by 104.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,908 shares of the company’s stock valued at $3,560,000 after buying an additional 247,500 shares during the period.

VanEck Semiconductor ETF Price Performance

SMH opened at $576.32 on Friday. The business has a 50 day simple moving average of $463.51 and a 200-day simple moving average of $408.08. The stock has a market capitalization of $66.96 billion, a P/E ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a 12 month low of $234.59 and a 12 month high of $582.50.

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.