VanEck Semiconductor ETF $SMH Stock: Three Magnolias Financial Advisors LLC Cuts Position

Three Magnolias Financial Advisors LLC lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,329 shares of the company’s stock after selling 965 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 2.6% of Three Magnolias Financial Advisors LLC’s holdings, making the stock its 13th biggest position. Three Magnolias Financial Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $4,463,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in VanEck Semiconductor ETF in the 1st quarter worth about $141,661,000. Clal Insurance Enterprises Holdings Ltd grew its position in VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after purchasing an additional 295,000 shares during the last quarter. GoalVest Advisory LLC increased its stake in VanEck Semiconductor ETF by 290,983.3% during the 3rd quarter. GoalVest Advisory LLC now owns 174,650 shares of the company’s stock valued at $106,362,000 after purchasing an additional 174,590 shares in the last quarter. Meitav Investment House Ltd. increased its stake in VanEck Semiconductor ETF by 17.3% during the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after purchasing an additional 133,601 shares in the last quarter. Finally, Copley Financial Group Inc. bought a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at about $49,407,000.

VanEck Semiconductor ETF Stock Down 3.5%

VanEck Semiconductor ETF stock traded down $20.72 during trading hours on Wednesday, hitting $567.40. The stock had a trading volume of 5,762,960 shares, compared to its average volume of 9,223,804. The stock has a market capitalization of $69.84 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12-month low of $315.05 and a 12-month high of $671.83. The stock’s 50-day moving average price is $579.93 and its 200-day moving average price is $558.25.

About VanEck Semiconductor ETF

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.