VanEck Semiconductor ETF $SMH is Kraft Davis & Associates LLC’s Largest Position

Kraft Davis & Associates LLC trimmed its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,129 shares of the company’s stock after selling 11,538 shares during the quarter. VanEck Semiconductor ETF accounts for about 8.5% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its biggest position. Kraft Davis & Associates LLC’s holdings in VanEck Semiconductor ETF were worth $40,750,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of VanEck Semiconductor ETF by 170.8% during the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock worth $4,384,288,000 after buying an additional 7,678,318 shares in the last quarter. Morgan Stanley raised its holdings in VanEck Semiconductor ETF by 4.8% in the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock valued at $957,061,000 after acquiring an additional 121,815 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after acquiring an additional 735,425 shares during the last quarter. Meitav Investment House Ltd. boosted 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 acquiring an additional 133,601 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in VanEck Semiconductor ETF by 906.5% during the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after acquiring an additional 671,673 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH opened at $550.48 on Thursday. The company has a 50-day moving average of $576.17 and a 200-day moving average of $519.82. The company has a market capitalization of $69.16 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 1-year low of $283.78 and a 1-year high of $671.83.

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.