Summit Securities Group LLC Sells 1,600 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Summit Securities Group LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 40.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,400 shares of the company’s stock after selling 1,600 shares during the quarter. Summit Securities Group LLC’s holdings in VanEck Semiconductor ETF were worth $581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of VanEck Semiconductor ETF in the fourth quarter valued at $144,385,000. JPMorgan Chase & Co. increased its stake in shares of VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after purchasing an additional 424,042 shares during the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of VanEck Semiconductor ETF by 36.7% in the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after purchasing an additional 253,300 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in VanEck Semiconductor ETF by 144.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock valued at $83,114,000 after purchasing an additional 202,744 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in VanEck Semiconductor ETF during the fourth quarter worth about $28,664,000.

VanEck Semiconductor ETF Stock Down 2.6 %

SMH opened at $212.17 on Friday. The business has a 50 day moving average of $238.37 and a 200-day moving average of $244.05. VanEck Semiconductor ETF has a 12-month low of $198.44 and a 12-month high of $283.07. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35.

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.