Great Valley Advisor Group Inc. Reduces Stock Position in VanEck Semiconductor ETF $SMH

Great Valley Advisor Group Inc. cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 41.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,268 shares of the company’s stock after selling 26,997 shares during the period. Great Valley Advisor Group Inc.’s holdings in VanEck Semiconductor ETF were worth $10,673,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SMH. Smithfield Trust Co increased its holdings in shares of VanEck Semiconductor ETF by 16.6% in the 2nd quarter. Smithfield Trust Co now owns 253 shares of the company’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. Hall Capital Management Co. Inc. boosted its holdings in VanEck Semiconductor ETF by 0.3% in the second quarter. Hall Capital Management Co. Inc. now owns 12,867 shares of the company’s stock valued at $3,588,000 after purchasing an additional 37 shares in the last quarter. FSA Advisors Inc. boosted its holdings in VanEck Semiconductor ETF by 3.9% in the second quarter. FSA Advisors Inc. now owns 1,037 shares of the company’s stock valued at $289,000 after purchasing an additional 39 shares in the last quarter. Luminist Capital LLC increased its stake in VanEck Semiconductor ETF by 42.1% in the second quarter. Luminist Capital LLC now owns 135 shares of the company’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in VanEck Semiconductor ETF by 61.1% in the second quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter.

VanEck Semiconductor ETF Trading Down 4.5%

Shares of NASDAQ:SMH opened at $354.12 on Friday. The company has a market capitalization of $35.55 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $375.59. The firm has a 50 day simple moving average of $350.13 and a 200-day simple moving average of $309.09.

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.