Carnegie Investment Counsel trimmed its position in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,243 shares of the company’s stock after selling 1,564 shares during the quarter. Carnegie Investment Counsel’s holdings in VanEck Semiconductor ETF were worth $2,010,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. WealthCollab LLC purchased a new position in VanEck Semiconductor ETF during the 4th quarter worth approximately $28,000. Investment Counsel Co. of Nevada purchased a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at $35,000. Core Wealth Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF in the fourth quarter valued at $36,000. Jessup Wealth Management Inc acquired a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth $40,000. Finally, CENTRAL TRUST Co boosted its position in shares of VanEck Semiconductor ETF by 66.7% in the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after buying an additional 48 shares during the period.
VanEck Semiconductor ETF Trading Down 4.1%
Shares of SMH stock opened at $585.86 on Tuesday. VanEck Semiconductor ETF has a 1-year low of $279.19 and a 1-year high of $671.83. The company has a market capitalization of $70.39 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. The stock’s fifty day simple moving average is $597.51 and its 200-day simple moving average is $474.46.
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.
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