Bessemer Group Inc. Trims Stake in VanEck Semiconductor ETF $SMH

Bessemer Group Inc. lowered its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 87.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 389 shares of the company’s stock after selling 2,718 shares during the quarter. Bessemer Group Inc.’s holdings in VanEck Semiconductor ETF were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMH. Goldman Sachs Group Inc. grew its holdings in shares of VanEck Semiconductor ETF by 46.1% in the first 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. Menora Mivtachim Holdings LTD. boosted its position in VanEck Semiconductor ETF by 48.1% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after buying an additional 161,350 shares during the period. Phoenix Financial Ltd. boosted its position in VanEck Semiconductor ETF by 273.2% in the 2nd quarter. Phoenix Financial Ltd. now owns 135,801 shares of the company’s stock valued at $37,872,000 after buying an additional 99,409 shares during the period. Meitav Investment House Ltd. grew its stake in shares of VanEck Semiconductor ETF by 26.0% in the second quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after acquiring an additional 97,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of VanEck Semiconductor ETF by 24.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock worth $94,589,000 after acquiring an additional 87,395 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 3.6%

NASDAQ:SMH opened at $352.76 on Wednesday. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $372.78. The firm has a market cap of $35.41 billion, a PE ratio of 34.83 and a beta of 1.52. The stock has a fifty day moving average price of $326.34 and a 200 day moving average price of $285.22.

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.