6,082 VanEck Semiconductor ETF $SMH Shares Acquired by SBE LLC DBA Cedar Cove Wealth Partners

SBE LLC DBA Cedar Cove Wealth Partners raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 48.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,618 shares of the company’s stock after acquiring an additional 6,082 shares during the quarter. VanEck Semiconductor ETF makes up about 5.4% of SBE LLC DBA Cedar Cove Wealth Partners’ investment portfolio, making the stock its 4th largest holding. SBE LLC DBA Cedar Cove Wealth Partners’ holdings in VanEck Semiconductor ETF were worth $11,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SMH. KG Capital Management lifted its holdings in VanEck Semiconductor ETF by 3.7% during the 3rd quarter. KG Capital Management now owns 1,947 shares of the company’s stock worth $1,186,000 after purchasing an additional 70 shares during the last quarter. Ashurst Perkins Coie Trust Co boosted its stake in VanEck Semiconductor ETF by 4.0% in the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 24,574 shares of the company’s stock valued at $14,966,000 after purchasing an additional 946 shares during the period. Martel Wealth Advisors LLC bought a new stake in VanEck Semiconductor ETF in the 3rd quarter valued at $220,000. Mather Group LLC. acquired a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $1,900,000. Finally, Hudock Inc. grew its holdings in VanEck Semiconductor ETF by 0.3% in the 3rd quarter. Hudock Inc. now owns 20,384 shares of the company’s stock valued at $12,414,000 after buying an additional 62 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH traded down $13.06 on Thursday, reaching $551.68. The stock had a trading volume of 8,965,425 shares, compared to its average volume of 9,253,426. The company has a market cap of $66.47 billion, a P/E ratio of 34.83 and a beta of 1.73. The firm has a fifty day moving average of $579.83 and a two-hundred day moving average of $559.54. VanEck Semiconductor ETF has a 1-year low of $315.05 and a 1-year high of $671.83.

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.