153,096 VanEck Semiconductor ETF $SMH Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. lowered its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 99.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,218 shares of the company’s stock after selling 153,096 shares during the period. Cascade Investment Group Inc.’s holdings in VanEck Semiconductor ETF were worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMH. Allied Private Wealth LLC purchased a new stake in VanEck Semiconductor ETF during the second quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $30,000. Timbuktu Capital Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth approximately $33,000. Trust Co. of Vermont purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth approximately $46,000. Finally, American National Bank & Trust boosted its holdings in shares of VanEck Semiconductor ETF by 151.6% in the 3rd quarter. American National Bank & Trust now owns 78 shares of the company’s stock worth $48,000 after purchasing an additional 47 shares during the period.

VanEck Semiconductor ETF Trading Down 1.3%

Shares of NASDAQ SMH traded down $7.59 during trading hours on Tuesday, hitting $583.40. 5,553,123 shares of the company traded hands, compared to its average volume of 9,228,383. The stock has a market capitalization of $71.81 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The company’s 50 day moving average price is $579.68 and its 200 day moving average price is $556.91. VanEck Semiconductor ETF has a 12 month low of $315.05 and a 12 month high of $671.83.

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.