Kane Investment Management Inc. Decreases Stock Holdings in VanEck Semiconductor ETF $SMH

Kane Investment Management Inc. reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,272 shares of the company’s stock after selling 200 shares during the period. Kane Investment Management Inc.’s holdings in VanEck Semiconductor ETF were worth $355,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SMH. Grove Bank & Trust purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter worth approximately $25,000. Trust Co. of Toledo NA OH bought a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new stake in VanEck Semiconductor ETF in the first quarter worth $27,000. UMB Bank n.a. bought a new stake in VanEck Semiconductor ETF in the second quarter valued at $28,000. Finally, Hilltop National Bank purchased a new position in VanEck Semiconductor ETF during the 2nd quarter valued at $28,000.

VanEck Semiconductor ETF Trading Up 0.0%

Shares of NASDAQ SMH opened at $344.98 on Friday. The firm has a fifty day simple moving average of $335.95 and a two-hundred day simple moving average of $292.39. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $372.78. The firm has a market capitalization of $34.63 billion, a PE ratio of 34.83 and a beta of 1.52.

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.