Hilltop Holdings Inc. cut its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 97.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the company’s stock after selling 53,088 shares during the quarter. Hilltop Holdings Inc.’s holdings in VanEck Semiconductor ETF were worth $472,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. WealthCollab LLC bought a new stake in VanEck Semiconductor ETF in the fourth quarter worth about $28,000. Investment Counsel Co. of Nevada purchased a new position in VanEck Semiconductor ETF in the fourth quarter valued at about $35,000. Core Wealth Advisors LLC bought a new position in shares of VanEck Semiconductor ETF during the 4th quarter valued at approximately $36,000. Jessup Wealth Management Inc bought a new position in shares of VanEck Semiconductor ETF during the 4th quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co increased its stake in shares of VanEck Semiconductor ETF by 66.7% during the 4th quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares during the last quarter.
VanEck Semiconductor ETF Stock Down 2.3%
Shares of SMH stock opened at $548.55 on Tuesday. The firm has a market cap of $66.12 billion, a P/E ratio of 34.83 and a beta of 1.71. The company has a 50 day moving average of $600.83 and a 200-day moving average of $488.94. VanEck Semiconductor ETF has a 12-month low of $279.19 and a 12-month 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.
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