Bank of Nova Scotia Sells 533,195 Shares of VanEck Semiconductor ETF $SMH

Bank of Nova Scotia lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 95.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,022 shares of the company’s stock after selling 533,195 shares during the period. Bank of Nova Scotia’s holdings in VanEck Semiconductor ETF were worth $9,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Berger Financial Group Inc boosted its stake in VanEck Semiconductor ETF by 1.3% in the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock worth $636,000 after purchasing an additional 21 shares in the last quarter. Goodman Advisory Group LLC increased its stake in shares of VanEck Semiconductor ETF by 7.8% in the first quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock valued at $122,000 after buying an additional 23 shares in the last quarter. Howe & Rusling Inc. raised its holdings in shares of VanEck Semiconductor ETF by 4.3% in the first quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock valued at $235,000 after buying an additional 25 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of VanEck Semiconductor ETF by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock valued at $434,000 after buying an additional 26 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its position in VanEck Semiconductor ETF by 1.1% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock worth $984,000 after buying an additional 27 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $561.19 on Monday. VanEck Semiconductor ETF has a 12 month low of $279.19 and a 12 month high of $671.83. The company’s 50-day moving average price is $600.78 and its two-hundred day moving average price is $487.81. The firm has a market cap of $67.65 billion, a P/E 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.