DAVENPORT & Co LLC Lowers Stock Position in VanEck Semiconductor ETF $SMH

DAVENPORT & Co LLC lessened its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 67.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,576 shares of the company’s stock after selling 3,337 shares during the quarter. DAVENPORT & Co LLC’s holdings in VanEck Semiconductor ETF were worth $440,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC purchased a new position in VanEck Semiconductor ETF during the first quarter worth about $913,000. M&T Bank Corp boosted its stake in VanEck Semiconductor ETF by 7.2% during the first quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock worth $339,000 after buying an additional 107 shares during the period. Fifth Third Bancorp boosted its stake in VanEck Semiconductor ETF by 188.5% during the second quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock worth $84,000 after buying an additional 196 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in VanEck Semiconductor ETF by 19.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock worth $8,718,000 after buying an additional 5,092 shares during the period. Finally, Blue Trust Inc. boosted its stake in VanEck Semiconductor ETF by 103.7% during the first quarter. Blue Trust Inc. now owns 275 shares of the company’s stock worth $58,000 after buying an additional 140 shares during the period.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $325.34 on Monday. The firm has a 50 day simple moving average of $306.82 and a 200-day simple moving average of $266.50. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $348.53. The firm has a market cap of $32.25 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.