VanEck Semiconductor ETF (NASDAQ:SMH) is Absolute Capital Management LLC’s Largest Position

Absolute Capital Management LLC raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,626 shares of the company’s stock after buying an additional 2,001 shares during the quarter. VanEck Semiconductor ETF comprises about 5.6% of Absolute Capital Management LLC’s portfolio, making the stock its biggest holding. Absolute Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $10,081,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Caprock Group LLC boosted its position in shares of VanEck Semiconductor ETF by 10.0% during the 3rd quarter. Caprock Group LLC now owns 1,353 shares of the company’s stock valued at $332,000 after acquiring an additional 123 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of VanEck Semiconductor ETF by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the company’s stock valued at $1,267,000 after acquiring an additional 447 shares during the last quarter. Howe & Rusling Inc. boosted its position in shares of VanEck Semiconductor ETF by 37.2% during the 3rd quarter. Howe & Rusling Inc. now owns 860 shares of the company’s stock valued at $211,000 after acquiring an additional 233 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of VanEck Semiconductor ETF by 10.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 940 shares of the company’s stock valued at $231,000 after acquiring an additional 90 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $29,000.

VanEck Semiconductor ETF Trading Down 0.2 %

Shares of SMH stock opened at $227.05 on Friday. The company’s 50-day moving average price is $241.61 and its 200-day moving average price is $244.00. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of 31.46 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $198.44 and a twelve 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.