Perkins Coie Trust Co trimmed its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 8.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,628 shares of the company’s stock after selling 2,242 shares during the period. VanEck Semiconductor ETF makes up about 2.6% of Perkins Coie Trust Co’s portfolio, making the stock its 10th largest holding. Perkins Coie Trust Co’s holdings in VanEck Semiconductor ETF were worth $15,497,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allied Private Wealth LLC acquired a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at $26,000. WealthCollab LLC acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at $30,000. Investment Counsel Co. of Nevada bought a new position in VanEck Semiconductor ETF during the fourth quarter valued at about $35,000. Finally, Core Wealth Advisors LLC bought a new position in VanEck Semiconductor ETF during the fourth quarter valued at about $36,000.
VanEck Semiconductor ETF Stock Down 2.3%
NASDAQ:SMH opened at $569.41 on Tuesday. The business’s 50-day moving average price is $594.72 and its 200 day moving average price is $500.32. The firm has a market cap of $71.54 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 52-week low of $281.15 and a 52-week 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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