VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC trimmed its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 21.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,765 shares of the company’s stock after selling 3,004 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 0.7% of Garden State Investment Advisory Services LLC’s holdings, making the stock its 27th biggest holding. Garden State Investment Advisory Services LLC’s holdings in VanEck Semiconductor ETF were worth $2,643,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its holdings in VanEck Semiconductor ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock worth $427,901,000 after buying an additional 113,705 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in VanEck Semiconductor ETF by 46.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after acquiring an additional 514,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of 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 purchasing an additional 494,164 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of 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 purchasing an additional 17,340 shares during the period. Finally, Meitav Investment House Ltd. raised its stake in shares of VanEck Semiconductor ETF by 56.9% during the third quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock valued at $147,260,000 after purchasing an additional 217,702 shares in the last quarter.

VanEck Semiconductor ETF Stock Up 0.3 %

SMH stock opened at $242.92 on Monday. The company has a 50-day simple moving average of $248.13 and a 200 day simple moving average of $247.15. The company has a market capitalization of $24.07 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $156.56 and a fifty-two week 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.