Darden Wealth Group Inc Reduces Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Darden Wealth Group Inc cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 3,452 shares of the company’s stock after selling 179 shares during the period. Darden Wealth Group Inc’s holdings in VanEck Semiconductor ETF were worth $847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SMH. Jane Street Group LLC boosted its holdings in shares of VanEck Semiconductor ETF by 20.9% during the 1st quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock valued at $1,360,049,000 after buying an additional 1,045,570 shares in the last quarter. LPL Financial LLC grew its holdings 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. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of VanEck Semiconductor ETF by 46.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock valued at $423,377,000 after purchasing an additional 514,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of VanEck Semiconductor ETF by 109.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after buying an additional 494,164 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its position in VanEck Semiconductor ETF by 2.6% during the 2nd quarter. Main Management ETF Advisors LLC now owns 689,520 shares of the company’s stock valued at $179,758,000 after buying an additional 17,340 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 1.5 %

NASDAQ SMH opened at $246.10 on Friday. The stock has a market cap of $24.39 billion, a P/E ratio of 18.82 and a beta of 1.35. The stock’s fifty day moving average price is $247.46 and its 200-day moving average price is $246.11. VanEck Semiconductor ETF has a 12 month low of $156.56 and a 12 month high of $283.07.

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.