VanEck Semiconductor ETF $SMH Shares Sold by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 49.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,144 shares of the company’s stock after selling 10,082 shares during the period. VanEck Semiconductor ETF makes up approximately 1.2% of Castle Rock Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Castle Rock Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $6,416,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Cadent Capital Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at $2,777,000. LifeGoal Investments LLC raised its stake in VanEck Semiconductor ETF by 30.8% in the third quarter. LifeGoal Investments LLC now owns 425 shares of the company’s stock valued at $259,000 after purchasing an additional 100 shares in the last quarter. Go Invest LLC bought a new stake in VanEck Semiconductor ETF during the third quarter worth about $74,000. Diversified Management Inc. bought a new stake in VanEck Semiconductor ETF during the third quarter worth about $349,000. Finally, First Heartland Consultants Inc. bought a new position in VanEck Semiconductor ETF in the 3rd quarter valued at about $3,461,000.

VanEck Semiconductor ETF Stock Down 0.6%

Shares of NASDAQ:SMH traded down $3.94 during midday trading on Friday, hitting $603.33. The stock had a trading volume of 5,504,777 shares, compared to its average volume of 9,264,590. The company’s 50-day moving average price is $578.77 and its 200-day moving average price is $554.38. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83. The company has a market capitalization of $74.26 billion, a P/E ratio of 34.83 and a beta of 1.73.

About VanEck Semiconductor ETF

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.