Fisher Asset Management LLC Has $48.29 Million Holdings in VanEck Semiconductor ETF $SMH

Fisher Asset Management LLC trimmed its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,139 shares of the company’s stock after selling 36,778 shares during the period. Fisher Asset Management LLC owned approximately 0.19% of VanEck Semiconductor ETF worth $48,285,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Grove Bank & Trust acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $25,000. Banque Transatlantique SA bought a new stake in shares of VanEck Semiconductor ETF during the first quarter worth $27,000. UMB Bank n.a. acquired a new position in shares of VanEck Semiconductor ETF during the second quarter valued at $28,000. Finally, Hilltop National Bank acquired a new position in shares of VanEck Semiconductor ETF during the second quarter valued at $28,000.

VanEck Semiconductor ETF Stock Up 1.8%

Shares of SMH stock opened at $359.43 on Wednesday. The stock has a 50-day moving average price of $344.02 and a 200 day moving average price of $303.04. The firm has a market cap of $36.08 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $372.78.

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.