InterOcean Capital Group LLC Lowers Position in VanEck Semiconductor ETF (NASDAQ:SMH)

InterOcean Capital Group LLC trimmed its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 11.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,321 shares of the company’s stock after selling 164 shares during the period. InterOcean Capital Group LLC’s holdings in VanEck Semiconductor ETF were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Advance Capital Management Inc. bought a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth about $216,000. Mutual Advisors LLC grew its stake in shares of VanEck Semiconductor ETF by 12.1% in the fourth quarter. Mutual Advisors LLC now owns 3,867 shares of the company’s stock worth $676,000 after acquiring an additional 417 shares during the period. Pinnacle Associates Ltd. lifted its position in VanEck Semiconductor ETF by 2.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 5,866 shares of the company’s stock valued at $1,026,000 after purchasing an additional 130 shares during the period. International Assets Investment Management LLC purchased a new stake in VanEck Semiconductor ETF during the fourth quarter valued at $40,189,000. Finally, Key Client Fiduciary Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at about $202,000.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock traded down $4.42 on Thursday, hitting $236.56. 18,584,942 shares of the company’s stock were exchanged, compared to its average volume of 8,263,322. The company has a 50-day simple moving average of $257.12 and a 200-day simple moving average of $225.60. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $283.07. The stock has a market capitalization of $20.46 billion, a PE 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.