VanEck Semiconductor ETF $SMH Stock: Endowment Wealth Management Inc. Lowers Stake

Endowment Wealth Management Inc. reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 85.7% during the third quarter, Holdings Channel.com reports. The fund owned 2,899 shares of the company’s stock after selling 17,318 shares during the period. Endowment Wealth Management Inc.’s holdings in VanEck Semiconductor ETF were worth $1,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMH. Allied Private Wealth LLC acquired a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB bought a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $30,000. Timbuktu Capital Management LLC bought a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $33,000. Kings Path Partners LLC acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $39,000.

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $463.96 on Friday. The firm’s fifty day moving average is $565.60 and its 200-day moving average is $520.56. VanEck Semiconductor ETF has a 52 week low of $315.05 and a 52 week high of $671.83. The firm has a market cap of $58.92 billion, a P/E ratio of 34.83 and a beta of 1.78.

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.