VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lessened its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 5.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,931 shares of the company’s stock after selling 207 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $965,000 as of its most recent filing with the SEC.

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

VanEck Semiconductor ETF Stock Down 3.3 %

Shares of NASDAQ SMH opened at $239.95 on Friday. The company’s 50-day simple moving average is $246.15 and its 200-day simple moving average is $245.26. 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 $23.78 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF 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.