VanEck Semiconductor ETF $SMH Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 20.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,200 shares of the company’s stock after selling 9,777 shares during the period. Apollon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $14,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of VanEck Semiconductor ETF by 170.8% during the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock worth $4,384,288,000 after purchasing an additional 7,678,318 shares during the period. Morgan Stanley boosted its holdings in shares of VanEck Semiconductor ETF by 4.8% in the 4th quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock valued at $957,061,000 after buying an additional 121,815 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after buying an additional 735,425 shares during the last quarter. Bank of Nova Scotia raised its stake in VanEck Semiconductor ETF by 24,986.6% during the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after acquiring an additional 752,097 shares during the period. Finally, Focus Partners Wealth raised its stake in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after acquiring an additional 671,673 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $611.61 on Monday. The firm’s 50-day moving average price is $570.31 and its two-hundred day moving average price is $455.18. VanEck Semiconductor ETF has a 52-week low of $272.16 and a 52-week high of $671.83. The stock has a market capitalization of $71.06 billion, a P/E ratio of 34.83 and a beta of 1.72.

VanEck Semiconductor ETF Company 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.