Founders Financial Alliance LLC Sells 44 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Founders Financial Alliance LLC reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156 shares of the company’s stock after selling 44 shares during the period. Founders Financial Alliance LLC’s holdings in VanEck Semiconductor ETF were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SMH. SG Americas Securities LLC raised its stake in VanEck Semiconductor ETF by 101.1% during the second quarter. SG Americas Securities LLC now owns 13,898 shares of the company’s stock worth $3,623,000 after acquiring an additional 1,270,998 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of VanEck Semiconductor ETF by 20.9% in the 1st quarter. Jane Street Group LLC now owns 6,044,932 shares of the company’s stock worth $1,360,049,000 after purchasing an additional 1,045,570 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of VanEck Semiconductor ETF by 109.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 944,164 shares of the company’s stock worth $246,144,000 after purchasing an additional 494,164 shares in the last quarter. Liberty Wealth Management LLC lifted its holdings in VanEck Semiconductor ETF by 24,432.5% during the 2nd quarter. Liberty Wealth Management LLC now owns 438,641 shares of the company’s stock valued at $114,354,000 after purchasing an additional 436,853 shares during the last quarter. Finally, LPL Financial LLC boosted its position in VanEck Semiconductor ETF by 20.9% in the second quarter. LPL Financial LLC now owns 1,629,628 shares of the company’s stock valued at $424,844,000 after buying an additional 281,252 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 2.7 %

NASDAQ SMH opened at $238.88 on Wednesday. VanEck Semiconductor ETF has a 1-year low of $136.10 and a 1-year high of $283.07. The company has a 50 day moving average of $235.73 and a 200-day moving average of $238.35. The firm has a market cap of $23.48 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

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.