Elmwood Wealth Management Inc. Sells 3,833 Shares of VanEck Semiconductor ETF $SMH

Elmwood Wealth Management Inc. cut its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 87.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 545 shares of the company’s stock after selling 3,833 shares during the period. Elmwood Wealth Management Inc.’s holdings in VanEck Semiconductor ETF were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meitav Investment House Ltd. lifted its stake in VanEck Semiconductor ETF by 17.3% in the 1st quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock valued at $347,140,000 after purchasing an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in VanEck Semiconductor ETF by 107.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after purchasing an additional 295,000 shares during the period. Cetera Investment Advisers grew its holdings in VanEck Semiconductor ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock worth $196,156,000 after purchasing an additional 16,810 shares during the period. Renaissance Technologies LLC bought a new position in VanEck Semiconductor ETF during the first quarter worth about $141,661,000. Finally, Rockefeller Capital Management L.P. increased its position in VanEck Semiconductor ETF by 17.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 338,536 shares of the company’s stock worth $121,918,000 after buying an additional 51,092 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH traded down $23.38 during trading on Wednesday, reaching $564.74. 11,724,906 shares of the company’s stock were exchanged, compared to its average volume of 9,255,354. The business has a 50 day moving average price of $579.83 and a 200-day moving average price of $559.54. The stock has a market capitalization of $69.51 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a fifty-two week low of $315.05 and a fifty-two week high of $671.83.

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.