Robertson Stephens Wealth Management LLC Sells 134,990 Shares of VanEck Semiconductor ETF $SMH

Robertson Stephens Wealth Management LLC lowered its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 95.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,160 shares of the company’s stock after selling 134,990 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $4,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meitav Investment House Ltd. lifted its stake in shares of 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 acquiring an additional 133,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of VanEck Semiconductor ETF by 107.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock valued at $218,538,000 after acquiring an additional 295,000 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of VanEck Semiconductor ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 511,623 shares of the company’s stock valued at $196,156,000 after acquiring an additional 16,810 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of VanEck Semiconductor ETF during the 1st quarter valued at $141,661,000. Finally, Rockefeller Capital Management L.P. grew its position in VanEck Semiconductor ETF by 17.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 338,536 shares of the company’s stock worth $121,918,000 after acquiring an additional 51,092 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 3.4%

Shares of SMH stock opened at $539.79 on Friday. The firm has a market capitalization of $65.04 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a twelve month low of $315.05 and a twelve month high of $671.83. The stock’s fifty day simple moving average is $578.72 and its 200 day simple moving average is $560.69.

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.