VanEck Semiconductor ETF $SMH Stock: Robertson Stephens Wealth Management LLC Cuts Holdings

Robertson Stephens Wealth Management LLC trimmed its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 95.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,160 shares of the company’s stock after selling 134,990 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $4,361,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Meitav Investment House Ltd. increased its position in VanEck Semiconductor ETF by 17.3% in 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 period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after acquiring an additional 295,000 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of VanEck Semiconductor ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after purchasing an additional 16,810 shares during the period. Renaissance Technologies LLC acquired a new position in shares of VanEck Semiconductor ETF during the first quarter worth $141,661,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of VanEck Semiconductor ETF by 17.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 338,536 shares of the company’s stock worth $121,918,000 after purchasing an additional 51,092 shares during the period.

VanEck Semiconductor ETF Stock Down 3.4%

Shares of VanEck Semiconductor ETF stock opened at $539.79 on Friday. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month high of $671.83. The stock has a market cap of $65.04 billion, a price-to-earnings ratio of 34.83 and a beta of 1.73. The company’s fifty day moving average is $578.72 and its 200 day moving average is $560.69.

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.