Cavalier Investments LLC Has $7.71 Million Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Cavalier Investments LLC reduced its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 76.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,411 shares of the company’s stock after selling 102,846 shares during the quarter. VanEck Semiconductor ETF comprises 2.4% of Cavalier Investments LLC’s portfolio, making the stock its 9th biggest position. Cavalier Investments LLC’s holdings in VanEck Semiconductor ETF were worth $7,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SMH. Mendota Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC bought a new position in VanEck Semiconductor ETF in the second quarter valued at about $26,000. Innealta Capital LLC bought a new position in VanEck Semiconductor ETF in the second quarter valued at about $28,000. Financial Management Professionals Inc. bought a new position in shares of VanEck Semiconductor ETF during the third quarter worth about $28,000. Finally, TD Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF during the second quarter worth about $29,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $252.96 on Monday. The company has a market cap of $24.89 billion, a P/E ratio of 18.82 and a beta of 1.35. The stock has a 50 day simple moving average of $242.73 and a two-hundred day simple moving average of $241.79. VanEck Semiconductor ETF has a fifty-two week low of $136.10 and a fifty-two week high of $283.07.

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.