Berbice Capital Management LLC Reduces Stock Position in VanEck Semiconductor ETF $SMH

Berbice Capital Management LLC trimmed its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 70.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,887 shares of the company’s stock after selling 4,450 shares during the period. VanEck Semiconductor ETF comprises about 0.4% of Berbice Capital Management LLC’s holdings, making the stock its 28th biggest position. Berbice Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SMH. Goldman Sachs Group Inc. increased its stake in VanEck Semiconductor ETF by 46.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,873,885 shares of the company’s stock valued at $607,740,000 after purchasing an additional 907,073 shares in the last quarter. JPMorgan Chase & Co. boosted its position in VanEck Semiconductor ETF by 93.3% during the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock worth $406,718,000 after purchasing an additional 703,799 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in VanEck Semiconductor ETF by 3,235,614.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock valued at $126,333,000 after purchasing an additional 452,986 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of VanEck Semiconductor ETF in the second quarter valued at $62,748,000. Finally, Allianz SE purchased a new position in shares of VanEck Semiconductor ETF in the second quarter valued at $55,524,000.

VanEck Semiconductor ETF Stock Up 1.8%

VanEck Semiconductor ETF stock opened at $359.43 on Wednesday. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $372.78. The firm’s 50-day simple moving average is $344.02 and its 200 day simple moving average is $303.04. The firm has a market capitalization of $36.08 billion, a PE ratio of 34.83 and a beta of 1.52.

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.