Fifth Third Securities Inc. Sells 2,080 Shares of VanEck Semiconductor ETF $SMH

Fifth Third Securities Inc. cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,782 shares of the company’s stock after selling 2,080 shares during the period. VanEck Semiconductor ETF comprises approximately 1.1% of Fifth Third Securities Inc.’s portfolio, making the stock its 20th biggest holding. Fifth Third Securities Inc.’s holdings in VanEck Semiconductor ETF were worth $15,594,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Summit Financial LLC bought a new position in VanEck Semiconductor ETF in the 1st quarter valued at $484,000. Northwestern Mutual Wealth Management Co. grew its position in VanEck Semiconductor ETF by 24.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 447,294 shares of the company’s stock valued at $94,589,000 after buying an additional 87,395 shares during the period. Westwood Wealth Management grew its position in VanEck Semiconductor ETF by 4.6% during the first quarter. Westwood Wealth Management now owns 16,515 shares of the company’s stock valued at $3,492,000 after buying an additional 725 shares during the period. SVB Wealth LLC purchased a new stake in VanEck Semiconductor ETF during the first quarter worth about $132,000. Finally, Jump Financial LLC raised its position in VanEck Semiconductor ETF by 160.7% in the first quarter. Jump Financial LLC now owns 116,164 shares of the company’s stock worth $24,565,000 after acquiring an additional 71,610 shares during the period.

VanEck Semiconductor ETF Stock Up 2.6%

SMH opened at $356.23 on Friday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $375.59. The company’s 50-day moving average price is $351.14 and its two-hundred day moving average price is $313.25. The stock has a market cap of $35.76 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

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.