CNB Bank Cuts Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

CNB Bank lowered its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 47.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,048 shares of the company’s stock after selling 956 shares during the quarter. CNB Bank’s holdings in VanEck Semiconductor ETF were worth $257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMH. Jane Street Group LLC boosted its holdings in shares of VanEck Semiconductor ETF by 20.9% in the 1st quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock worth $1,360,049,000 after purchasing an additional 1,045,570 shares in the last quarter. LPL Financial LLC lifted its position in VanEck Semiconductor ETF by 20.9% in the 2nd quarter. LPL Financial LLC now owns 1,629,628 shares of the company’s stock worth $424,844,000 after buying an additional 281,252 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in VanEck Semiconductor ETF by 46.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after buying an additional 514,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in VanEck Semiconductor ETF by 109.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after buying an additional 494,164 shares in the last quarter. Finally, Main Management ETF Advisors LLC grew its position in VanEck Semiconductor ETF by 2.6% during the second quarter. Main Management ETF Advisors LLC now owns 689,520 shares of the company’s stock valued at $179,758,000 after acquiring an additional 17,340 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH stock opened at $251.51 on Friday. The company has a market capitalization of $24.75 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $136.10 and a one year high of $283.07. The company’s 50 day moving average price is $241.46 and its two-hundred day moving average price is $240.67.

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.