VanEck Semiconductor ETF (NASDAQ:SMH) Position Decreased by Center Lake Capital Management LLC

Center Lake Capital Management LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 10,000 shares during the quarter. VanEck Semiconductor ETF makes up about 15.2% of Center Lake Capital Management LLC’s holdings, making the stock its 3rd largest position. Center Lake Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Garden State Investment Advisory Services LLC raised its holdings in shares of VanEck Semiconductor ETF by 3.8% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 13,769 shares of the company’s stock worth $3,590,000 after purchasing an additional 508 shares during the period. AE Wealth Management LLC increased its position in VanEck Semiconductor ETF by 54.6% in the second quarter. AE Wealth Management LLC now owns 17,599 shares of the company’s stock worth $4,588,000 after buying an additional 6,216 shares during the last quarter. Somerset Group LLC purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter worth about $358,000. Concorde Asset Management LLC raised its stake in VanEck Semiconductor ETF by 4.8% in the 2nd quarter. Concorde Asset Management LLC now owns 2,645 shares of the company’s stock valued at $690,000 after acquiring an additional 120 shares during the period. Finally, LJI Wealth Management LLC purchased a new stake in VanEck Semiconductor ETF during the second quarter valued at about $616,000.

VanEck Semiconductor ETF Stock Down 1.3 %

SMH opened at $237.90 on Friday. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm has a 50-day moving average price of $237.84 and a 200-day moving average price of $237.15. VanEck Semiconductor ETF has a twelve month low of $136.10 and a twelve month high of $283.07.

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.