Waterloo Capital L.P. Cuts Stock Position in VanEck Semiconductor ETF $SMH

Waterloo Capital L.P. lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,432 shares of the company’s stock after selling 945 shares during the period. Waterloo Capital L.P.’s holdings in VanEck Semiconductor ETF were worth $6,998,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SMH. Bank of Nova Scotia raised its stake in shares of VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after acquiring an additional 752,097 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after buying an additional 735,425 shares during the period. Capital Markets Trading UK LLP increased its stake in VanEck Semiconductor ETF by 100.7% during the 3rd quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock worth $1,410,000 after buying an additional 617,050 shares during the period. Baker Avenue Asset Management LP increased its stake in VanEck Semiconductor ETF by 100.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock worth $364,000 after buying an additional 349,979 shares during the period. Finally, RiverFront Investment Group LLC increased its stake in VanEck Semiconductor ETF by 249.6% during the 4th quarter. RiverFront Investment Group LLC now owns 399,345 shares of the company’s stock worth $143,816,000 after buying an additional 285,117 shares during the period.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $598.93 on Friday. VanEck Semiconductor ETF has a 12-month low of $235.37 and a 12-month high of $612.30. The company has a market capitalization of $69.59 billion, a price-to-earnings ratio of 34.83 and a beta of 1.70. The firm’s fifty day moving average price is $483.77 and its 200 day moving average price is $416.43.

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.