VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC lessened its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,457 shares of the company’s stock after selling 260 shares during the period. Titleist Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in VanEck Semiconductor ETF in the fourth quarter valued at $144,385,000. JPMorgan Chase & Co. increased its position in shares of VanEck Semiconductor ETF by 48.2% during the 3rd 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 last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in VanEck Semiconductor ETF by 144.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock valued at $83,114,000 after buying an additional 202,744 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in VanEck Semiconductor ETF in the fourth quarter valued at about $28,664,000. Finally, Strategic Financial Concepts LLC purchased a new position in VanEck Semiconductor ETF during the fourth quarter worth about $24,934,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $180.80 on Monday. The firm has a 50-day simple moving average of $232.34 and a two-hundred day simple moving average of $243.03. VanEck Semiconductor ETF has a 1-year low of $173.65 and a 1-year high of $283.07. The stock has a market cap of $16.29 billion, a PE ratio of 25.25 and a beta of 1.39.

VanEck Semiconductor ETF 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.