Riggs Asset Managment Co. Inc. Lowers Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Riggs Asset Managment Co. Inc. lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 29.5% during the third quarter, Holdings Channel.com reports. The firm owned 2,647 shares of the company’s stock after selling 1,106 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in VanEck Semiconductor ETF were worth $650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth approximately $26,000. Mendota Financial Group LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter valued at $25,000. Innealta Capital LLC purchased a new position in shares of VanEck Semiconductor ETF in the 2nd quarter worth about $28,000. TD Capital Management LLC purchased a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at about $29,000. Finally, Financial Management Professionals Inc. purchased a new position in VanEck Semiconductor ETF in the third quarter worth about $28,000.

VanEck Semiconductor ETF Stock Up 1.2 %

NASDAQ:SMH opened at $252.96 on Monday. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The company’s 50 day moving average price is $242.73 and its 200-day moving average price is $241.79. VanEck Semiconductor ETF has a 52 week low of $136.10 and a 52 week high of $283.07.

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.