Custom Index Systems LLC Sells 3,200 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Custom Index Systems LLC lowered its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 31.0% during the second quarter, Holdings Channel reports. The institutional investor owned 7,133 shares of the company’s stock after selling 3,200 shares during the period. VanEck Semiconductor ETF comprises approximately 1.1% of Custom Index Systems LLC’s investment portfolio, making the stock its 20th biggest position. Custom Index Systems LLC’s holdings in VanEck Semiconductor ETF were worth $1,860,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Concourse Financial Group Securities Inc. increased its position in VanEck Semiconductor ETF by 11.5% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 1,416 shares of the company’s stock worth $248,000 after buying an additional 146 shares during the period. Principal Securities Inc. acquired a new stake in VanEck Semiconductor ETF in the 4th quarter worth about $829,000. NBC Securities Inc. raised its stake in VanEck Semiconductor ETF by 11.1% in the 4th quarter. NBC Securities Inc. now owns 968 shares of the company’s stock worth $169,000 after purchasing an additional 97 shares in the last quarter. Jump Financial LLC bought a new stake in VanEck Semiconductor ETF in the 4th quarter valued at about $5,664,000. Finally, AlphaStar Capital Management LLC acquired a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth approximately $4,099,000.

VanEck Semiconductor ETF Trading Down 4.1 %

Shares of SMH stock opened at $215.00 on Friday. The stock has a market cap of $19.34 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $283.07. The stock has a 50 day simple moving average of $245.55 and a 200 day simple moving average of $235.84.

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.