VanEck Semiconductor ETF $SMH Stock: Cornerstone Wealth Management LLC Decreases Stake

Cornerstone Wealth Management LLC cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 51.7% in the third quarter, Holdings Channel reports. The fund owned 27,355 shares of the company’s stock after selling 29,298 shares during the quarter. VanEck Semiconductor ETF accounts for approximately 0.7% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 29th largest position. Cornerstone Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $16,659,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Schuylkill Financial LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $2,262,000. Markowski Investments bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $656,000. XML Financial LLC boosted its position in VanEck Semiconductor ETF by 4,002.7% during the second quarter. XML Financial LLC now owns 27,693 shares of the company’s stock valued at $18,164,000 after purchasing an additional 27,018 shares in the last quarter. Valued Retirements Inc. purchased a new position in VanEck Semiconductor ETF in the second quarter valued at about $4,503,000. Finally, PCG Wealth Advisors LLC grew its stake in VanEck Semiconductor ETF by 11.8% in the second quarter. PCG Wealth Advisors LLC now owns 13,707 shares of the company’s stock valued at $8,990,000 after purchasing an additional 1,447 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $483.63 on Wednesday. The company has a market capitalization of $62.55 billion, a PE ratio of 24.39 and a beta of 1.80. The company has a 50-day simple moving average of $562.83 and a two-hundred day simple moving average of $521.39. VanEck Semiconductor ETF has a one year low of $315.05 and a one year 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.