Truist Financial Corp Decreases Stake in VanEck Semiconductor ETF $SMH

Truist Financial Corp cut its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,610 shares of the company’s stock after selling 5,015 shares during the quarter. Truist Financial Corp’s holdings in VanEck Semiconductor ETF were worth $12,824,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SMH. WealthCollab LLC purchased a new position in VanEck Semiconductor ETF during the fourth quarter worth approximately $28,000. Realta Investment Advisors raised its holdings in shares of VanEck Semiconductor ETF by 84.4% during the 3rd quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after acquiring an additional 38 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $31,000. CX Institutional grew its holdings in shares of VanEck Semiconductor ETF by 288.5% in the third quarter. CX Institutional now owns 101 shares of the company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. Finally, CENTRAL TRUST Co increased its position in VanEck Semiconductor ETF by 66.7% during the fourth 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 Price Performance

Shares of NASDAQ SMH opened at $540.10 on Friday. The company has a 50 day simple moving average of $427.51 and a 200-day simple moving average of $392.18. The company has a market capitalization of $62.75 billion, a P/E ratio of 34.83 and a beta of 1.70. VanEck Semiconductor ETF has a 1 year low of $220.10 and a 1 year high of $549.88.

VanEck Semiconductor ETF 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.