Sequoia Financial Advisors LLC Sells 407 Shares of VanEck Semiconductor ETF $SMH

Sequoia Financial Advisors LLC reduced its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 14.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,388 shares of the company’s stock after selling 407 shares during the period. Sequoia Financial Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $666,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of VanEck Semiconductor ETF by 46.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock worth $607,740,000 after acquiring an additional 907,073 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in VanEck Semiconductor ETF by 48.1% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after purchasing an additional 161,350 shares during the last quarter. Meitav Investment House Ltd. boosted its position in VanEck Semiconductor ETF by 26.0% during the second quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after purchasing an additional 97,941 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of VanEck Semiconductor ETF by 24.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock valued at $94,589,000 after purchasing an additional 87,395 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in shares of VanEck Semiconductor ETF by 160.7% in the first quarter. Jump Financial LLC now owns 116,164 shares of the company’s stock valued at $24,565,000 after purchasing an additional 71,610 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $342.83 on Monday. The firm has a market capitalization of $33.51 billion, a PE ratio of 34.83 and a beta of 1.35. The company’s 50-day moving average is $311.87 and its 200-day moving average is $271.09. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $348.53.

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.