Bawa N Mallick Trust Decreases Stake in VanEck Semiconductor ETF $SMH

Bawa N Mallick Trust cut its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 32.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,500 shares of the company’s stock after selling 1,218 shares during the quarter. Bawa N Mallick Trust’s holdings in VanEck Semiconductor ETF were worth $958,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its stake in VanEck Semiconductor ETF by 2.9% in the fourth quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after acquiring an additional 1,356 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of VanEck Semiconductor ETF by 58.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock worth $11,697,000 after purchasing an additional 11,973 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of VanEck Semiconductor ETF by 72.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock valued at $145,296,000 after purchasing an additional 169,737 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of VanEck Semiconductor ETF by 128.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after purchasing an additional 4,778 shares during the last quarter. Finally, Cane Capital Partners LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 4th quarter valued at about $877,000.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $561.19 on Monday. VanEck Semiconductor ETF has a 52-week low of $279.19 and a 52-week high of $671.83. The stock’s 50 day moving average price is $600.78 and its 200 day moving average price is $487.81. The company has a market capitalization of $67.65 billion, a PE ratio of 34.83 and a beta of 1.71.

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.