Miller Investment Management LP Has $34.81 Million Holdings in VanEck Semiconductor ETF $SMH

Miller Investment Management LP decreased its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,645 shares of the company’s stock after selling 20,544 shares during the period. VanEck Semiconductor ETF accounts for approximately 3.4% of Miller Investment Management LP’s holdings, making the stock its 8th largest position. Miller Investment Management LP owned approximately 0.09% of VanEck Semiconductor ETF worth $34,805,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Jessup Wealth Management Inc bought a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $40,000. Sharpepoint LLC bought a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $365,000. J.Safra Asset Management Corp grew its holdings in shares of VanEck Semiconductor ETF by 3.1% in the 4th quarter. J.Safra Asset Management Corp now owns 109,174 shares of the company’s stock valued at $39,317,000 after acquiring an additional 3,265 shares in the last quarter. GWN Securities Inc. bought a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $220,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of VanEck Semiconductor ETF by 31.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 90,322 shares of the company’s stock valued at $32,528,000 after acquiring an additional 21,539 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $570.91 on Thursday. The stock has a market capitalization of $66.33 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. The business has a 50-day moving average of $518.34 and a 200-day moving average of $431.46. VanEck Semiconductor ETF has a fifty-two week low of $256.05 and a fifty-two week high of $642.77.

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.