Brown Brothers Harriman & Co. Reduces Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Brown Brothers Harriman & Co. lessened its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 14.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,483 shares of the company’s stock after selling 405 shares during the period. Brown Brothers Harriman & Co.’s holdings in VanEck Semiconductor ETF were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter worth approximately $26,000. Mendota Financial Group LLC purchased a new stake in VanEck Semiconductor ETF during the third quarter worth $25,000. Innealta Capital LLC purchased a new stake in VanEck Semiconductor ETF during the second quarter worth $28,000. TD Capital Management LLC acquired a new stake in VanEck Semiconductor ETF during the second quarter valued at $29,000. Finally, Financial Management Professionals Inc. purchased a new position in VanEck Semiconductor ETF in the third quarter valued at $28,000.

VanEck Semiconductor ETF Stock Down 0.9 %

SMH stock opened at $241.42 on Wednesday. VanEck Semiconductor ETF has a 52-week low of $156.56 and a 52-week high of $283.07. The firm has a market cap of $23.92 billion, a P/E ratio of 18.82 and a beta of 1.35. The company’s 50-day simple moving average is $247.96 and its 200-day simple moving average is $246.91.

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.