Ciovacco Capital Management LLC Has $7.27 Million Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Ciovacco Capital Management LLC cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,034 shares of the company’s stock after selling 1,268 shares during the quarter. VanEck Semiconductor ETF comprises approximately 4.2% of Ciovacco Capital Management LLC’s holdings, making the stock its 6th largest holding. Ciovacco Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,273,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SMH. LPL Financial LLC increased its stake in VanEck Semiconductor ETF by 7.0% in the third quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock worth $427,901,000 after purchasing an additional 113,705 shares during the period. JPMorgan Chase & Co. increased its stake in VanEck Semiconductor ETF by 48.2% in the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after purchasing an additional 424,042 shares during the period. Main Management ETF Advisors LLC increased its stake in VanEck Semiconductor ETF by 36.7% in the third quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after purchasing an additional 253,300 shares during the period. Meitav Investment House Ltd. increased its stake in VanEck Semiconductor ETF by 4.1% in the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock worth $151,269,000 after purchasing an additional 24,516 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in VanEck Semiconductor ETF in the fourth quarter worth $144,385,000.

VanEck Semiconductor ETF Stock Down 0.2 %

SMH stock opened at $227.05 on Friday. The business’s fifty day simple moving average is $241.61 and its two-hundred day simple moving average is $244.00. VanEck Semiconductor ETF has a twelve month low of $198.44 and a twelve month high of $283.07. The firm has a market cap of $21.50 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35.

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.