VanEck Semiconductor ETF $SMH Shares Sold by M & L Capital Management Ltd

M & L Capital Management Ltd lessened its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,300 shares of the company’s stock after selling 4,800 shares during the quarter. VanEck Semiconductor ETF makes up about 6.9% of M & L Capital Management Ltd’s investment portfolio, making the stock its 7th biggest position. M & L Capital Management Ltd’s holdings in VanEck Semiconductor ETF were worth $33,069,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Kaydan Wealth Management Inc. grew its position in shares of VanEck Semiconductor ETF by 3.6% in the third quarter. Kaydan Wealth Management Inc. now owns 520 shares of the company’s stock valued at $317,000 after purchasing an additional 18 shares during the period. Berger Financial Group Inc increased its stake in VanEck Semiconductor ETF by 1.3% in the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after purchasing an additional 21 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in VanEck Semiconductor ETF by 0.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,472 shares of the company’s stock valued at $2,277,000 after purchasing an additional 21 shares during the last quarter. Lantern Wealth Advisors LLC increased its stake in VanEck Semiconductor ETF by 2.1% in the third quarter. Lantern Wealth Advisors LLC now owns 1,030 shares of the company’s stock valued at $627,000 after purchasing an additional 21 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its position in VanEck Semiconductor ETF by 4.3% during the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after buying an additional 25 shares during the period.

VanEck Semiconductor ETF Trading Up 3.0%

NASDAQ SMH opened at $557.98 on Wednesday. The business’s 50-day moving average price is $573.45 and its 200 day moving average price is $515.72. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month high of $671.83. The company has a market capitalization of $70.50 billion, a PE ratio of 34.83 and a beta of 1.73.

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.