WESPAC Advisors LLC Trims Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

WESPAC Advisors LLC decreased its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 983 shares of the company’s stock after selling 72 shares during the quarter. WESPAC Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC boosted its position in VanEck Semiconductor ETF by 5.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 22,740 shares of the company’s stock worth $5,582,000 after purchasing an additional 1,106 shares in the last quarter. Flagstar Advisors Inc. boosted its holdings in VanEck Semiconductor ETF by 46.7% during the third quarter. Flagstar Advisors Inc. now owns 4,834 shares of the company’s stock worth $1,187,000 after buying an additional 1,539 shares in the last quarter. Nwam LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter valued at $5,280,000. Meridian Wealth Management LLC increased its holdings in VanEck Semiconductor ETF by 8.5% in the third quarter. Meridian Wealth Management LLC now owns 69,005 shares of the company’s stock valued at $16,937,000 after buying an additional 5,392 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 2,961.2% in the third quarter. Icon Wealth Advisors LLC now owns 13,102 shares of the company’s stock worth $3,216,000 after acquiring an additional 12,674 shares during the period.

VanEck Semiconductor ETF Stock Down 0.6 %

SMH stock opened at $244.62 on Friday. 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 $24.24 billion, a P/E ratio of 18.82 and a beta of 1.35. The company’s 50-day simple moving average is $247.61 and its 200-day simple moving average is $246.44.

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.