City Center Advisors LLC Lowers Stake in VanEck Semiconductor ETF $SMH

City Center Advisors LLC lessened its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,597 shares of the company’s stock after selling 802 shares during the period. VanEck Semiconductor ETF makes up 0.8% of City Center Advisors LLC’s portfolio, making the stock its 23rd biggest position. City Center Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $724,000 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 company. Goldman Sachs Group Inc. grew its position in VanEck Semiconductor ETF by 46.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after acquiring an additional 907,073 shares during the period. Menora Mivtachim Holdings LTD. grew its position in VanEck Semiconductor ETF by 48.1% during the first quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after acquiring an additional 161,350 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in VanEck Semiconductor ETF by 24.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock valued at $94,589,000 after acquiring an additional 87,395 shares during the period. Cetera Investment Advisers grew its position in VanEck Semiconductor ETF by 4.8% during the first quarter. Cetera Investment Advisers now owns 389,916 shares of the company’s stock valued at $82,455,000 after acquiring an additional 17,940 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of VanEck Semiconductor ETF by 3.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 356,017 shares of the company’s stock worth $75,287,000 after buying an additional 12,811 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $304.32 on Friday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $305.59. The business has a 50-day moving average of $291.76 and a 200-day moving average of $252.08. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35.

VanEck Semiconductor ETF Company 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.