Axxcess Wealth Management LLC Reduces Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Axxcess Wealth Management LLC cut its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 32.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,465 shares of the company’s stock after selling 713 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. grew its stake in VanEck Semiconductor ETF by 0.5% in the fourth quarter. Ausdal Financial Partners Inc. now owns 12,513 shares of the company’s stock worth $2,188,000 after purchasing an additional 60 shares in the last quarter. Advisory Alpha LLC grew its position in shares of VanEck Semiconductor ETF by 4.5% in the 4th quarter. Advisory Alpha LLC now owns 1,602 shares of the company’s stock worth $280,000 after acquiring an additional 69 shares in the last quarter. Cadence Bank increased its holdings in shares of VanEck Semiconductor ETF by 4.7% in the 3rd quarter. Cadence Bank now owns 1,564 shares of the company’s stock valued at $227,000 after acquiring an additional 70 shares during the last quarter. Insigneo Advisory Services LLC raised its position in shares of VanEck Semiconductor ETF by 1.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 7,533 shares of the company’s stock valued at $1,092,000 after acquiring an additional 71 shares in the last quarter. Finally, Ranch Capital Advisors Inc. lifted its stake in VanEck Semiconductor ETF by 3.4% during the third quarter. Ranch Capital Advisors Inc. now owns 2,257 shares of the company’s stock worth $327,000 after purchasing an additional 74 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $219.98 on Friday. VanEck Semiconductor ETF has a 1-year low of $121.81 and a 1-year high of $239.14. The firm has a fifty day moving average price of $219.79 and a two-hundred day moving average price of $189.56. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

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.