Atlas Capital Advisors LLC Reduces Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Atlas Capital Advisors LLC cut its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 51.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 565 shares of the company’s stock after selling 600 shares during the quarter. Atlas Capital Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SMH. Mather Group LLC. raised its stake in shares of VanEck Semiconductor ETF by 757.1% during the 2nd quarter. Mather Group LLC. now owns 300 shares of the company’s stock worth $78,000 after buying an additional 265 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in VanEck Semiconductor ETF during the 1st quarter worth $216,000. Key Client Fiduciary Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF in the 1st quarter valued at approximately $202,000. Mirador Capital Partners LP bought a new position in shares of VanEck Semiconductor ETF during the first quarter worth about $998,000. Finally, QRG Capital Management Inc. bought a new stake in VanEck Semiconductor ETF during the second quarter valued at $325,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH traded up $5.55 during mid-day trading on Friday, hitting $243.46. The company’s stock had a trading volume of 8,621,936 shares, compared to its average volume of 8,495,458. VanEck Semiconductor ETF has a fifty-two week low of $136.10 and a fifty-two week high of $283.07. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm has a 50-day moving average price of $249.29 and a 200 day moving average price of $234.44.

About VanEck Semiconductor ETF

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.