VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 21.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,765 shares of the company’s stock after selling 3,004 shares during the period. VanEck Semiconductor ETF accounts for approximately 0.8% of Garden State Investment Advisory Services LLC’s holdings, making the stock its 26th biggest position. Garden State Investment Advisory Services LLC’s holdings in VanEck Semiconductor ETF were worth $2,643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SMH. Nvwm LLC increased its position in shares of VanEck Semiconductor ETF by 2.2% during the 3rd quarter. Nvwm LLC now owns 1,867 shares of the company’s stock valued at $458,000 after purchasing an additional 41 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in VanEck Semiconductor ETF by 4.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,011 shares of the company’s stock worth $248,000 after acquiring an additional 42 shares during the period. Allworth Financial LP raised its position in VanEck Semiconductor ETF by 5.1% in the third quarter. Allworth Financial LP now owns 892 shares of the company’s stock worth $219,000 after acquiring an additional 43 shares in the last quarter. Clarity Capital Partners LLC lifted its holdings in VanEck Semiconductor ETF by 2.8% in the 3rd quarter. Clarity Capital Partners LLC now owns 1,590 shares of the company’s stock valued at $390,000 after acquiring an additional 44 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in VanEck Semiconductor ETF by 0.9% in the 3rd quarter. Private Trust Co. NA now owns 4,890 shares of the company’s stock valued at $1,200,000 after acquiring an additional 46 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH traded up $7.20 during mid-day trading on Friday, hitting $250.57. The company’s stock had a trading volume of 2,488,502 shares, compared to its average volume of 7,802,278. The firm has a 50-day moving average price of $248.56 and a 200 day moving average price of $247.67. VanEck Semiconductor ETF has a fifty-two week low of $163.97 and a fifty-two week high of $283.07. The stock has a market capitalization of $24.83 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Company 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.