VanEck Semiconductor ETF (NASDAQ:SMH) is Kraft Davis & Associates LLC’s 3rd Largest Position

Kraft Davis & Associates LLC cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,993 shares of the company’s stock after selling 426 shares during the period. VanEck Semiconductor ETF accounts for 5.2% of Kraft Davis & Associates LLC’s holdings, making the stock its 3rd biggest holding. Kraft Davis & Associates LLC’s holdings in VanEck Semiconductor ETF were worth $17,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd bought a new position in shares of VanEck Semiconductor ETF during the 1st quarter valued at about $27,000. Macroview Investment Management LLC lifted its position in shares of VanEck Semiconductor ETF by 245.2% in the fourth quarter. Macroview Investment Management LLC now owns 145 shares of the company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in VanEck Semiconductor ETF during the third quarter valued at approximately $28,000. Sanctuary Wealth Management L.L.C. bought a new position in VanEck Semiconductor ETF during the third quarter valued at approximately $25,000. Finally, FinTrust Capital Advisors LLC grew its holdings in VanEck Semiconductor ETF by 363.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 176 shares of the company’s stock valued at $26,000 after buying an additional 138 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH traded down $9.42 during mid-day trading on Friday, hitting $199.21. 13,580,487 shares of the stock were exchanged, compared to its average volume of 8,782,318. The company has a market cap of $16.63 billion, a PE ratio of 17.70 and a beta of 1.78. VanEck Semiconductor ETF has a 52-week low of $118.57 and a 52-week high of $239.14. The firm has a 50-day moving average of $217.17 and a two-hundred day moving average of $183.23.

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.