Beacon Pointe Advisors LLC Decreases Holdings in VanEck Semiconductor ETF $SMH

Beacon Pointe Advisors LLC lowered its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,751 shares of the company’s stock after selling 2,293 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $7,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VanEck Semiconductor ETF by 93.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after buying an additional 703,799 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of VanEck Semiconductor ETF by 8.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock valued at $135,326,000 after buying an additional 37,955 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its stake in VanEck Semiconductor ETF by 26.0% during the 2nd 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.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $359.43 on Wednesday. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $372.78. The company has a market capitalization of $36.08 billion, a PE ratio of 34.83 and a beta of 1.52. The company has a fifty day moving average of $344.02 and a two-hundred day moving average of $303.04.

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.