RWQ Financial Management Services Inc. Lowers Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

RWQ Financial Management Services Inc. lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 77.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,821 shares of the company’s stock after selling 76,570 shares during the period. VanEck Semiconductor ETF makes up about 1.9% of RWQ Financial Management Services Inc.’s holdings, making the stock its 12th biggest holding. RWQ Financial Management Services Inc.’s holdings in VanEck Semiconductor ETF were worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. lifted its stake in VanEck Semiconductor ETF by 757.1% during the second quarter. Mather Group LLC. now owns 300 shares of the company’s stock worth $78,000 after purchasing an additional 265 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of VanEck Semiconductor ETF during the second quarter worth approximately $325,000. Orion Portfolio Solutions LLC lifted its holdings in shares of VanEck Semiconductor ETF by 206.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,851 shares of the company’s stock worth $866,000 after acquiring an additional 2,596 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of VanEck Semiconductor ETF by 18.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,781 shares of the company’s stock valued at $626,000 after purchasing an additional 429 shares during the last quarter. Finally, Comerica Bank raised its position in VanEck Semiconductor ETF by 20.5% in the 1st quarter. Comerica Bank now owns 8,452 shares of the company’s stock worth $1,901,000 after purchasing an additional 1,440 shares during the period.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH traded up $3.07 during trading on Friday, hitting $244.75. 5,520,983 shares of the company’s stock traded hands, compared to its average volume of 8,103,857. The firm has a market cap of $24.25 billion, a P/E ratio of 18.82 and a beta of 1.35. The stock has a fifty day moving average of $242.82 and a two-hundred day moving average of $242.63. VanEck Semiconductor ETF has a 12-month low of $144.29 and a 12-month high of $283.07.

VanEck Semiconductor ETF 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.