VanEck Semiconductor ETF $SMH Shares Sold by TCP Asset Management LLC

TCP Asset Management LLC decreased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,623 shares of the company’s stock after selling 1,785 shares during the quarter. VanEck Semiconductor ETF makes up 2.0% of TCP Asset Management LLC’s portfolio, making the stock its 18th biggest position. TCP Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $10,973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of VanEck Semiconductor ETF by 93.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after purchasing an additional 703,799 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of VanEck Semiconductor ETF by 15.5% in the second quarter. Menora Mivtachim Holdings LTD. now owns 573,500 shares of the company’s stock worth $159,938,000 after buying an additional 77,000 shares during the last quarter. Raymond James Financial Inc. raised its holdings in VanEck Semiconductor ETF by 8.3% in the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after acquiring an additional 40,831 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in VanEck Semiconductor ETF by 8.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock valued at $135,326,000 after acquiring an additional 37,955 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in VanEck Semiconductor ETF by 26.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock valued at $132,605,000 after acquiring an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $339.24 on Thursday. The firm has a fifty day moving average of $350.48 and a two-hundred day moving average of $311.78. The firm has a market cap of $34.06 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $375.59.

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.