VanEck Semiconductor ETF (NASDAQ:SMH) Stock Position Decreased by MGB Wealth Management LLC

MGB Wealth Management LLC cut its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,391 shares of the company’s stock after selling 180 shares during the quarter. MGB Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,081,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SMH. Mendota Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $25,000. Chilton Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at $26,000. Innealta Capital LLC purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at $28,000. Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $28,000. Finally, TD Capital Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at $29,000.

VanEck Semiconductor ETF Stock Down 0.6 %

SMH opened at $244.62 on Friday. The stock has a fifty day moving average of $247.61 and a 200-day moving average of $246.44. The firm has a market capitalization of $24.24 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $156.56 and a 12-month high of $283.07.

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.