VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 30.6% in the third quarter, Holdings Channel.com reports. The fund owned 17,520 shares of the company’s stock after selling 7,710 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in VanEck Semiconductor ETF were worth $4,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SMH. Mendota Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new position in VanEck Semiconductor ETF during the second quarter worth $26,000. Innealta Capital LLC acquired a new position in VanEck Semiconductor ETF during the second quarter worth $28,000. Financial Management Professionals Inc. acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth $28,000. Finally, TD Capital Management LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter worth $29,000.

VanEck Semiconductor ETF Trading Up 2.5 %

Shares of SMH stock opened at $249.49 on Friday. VanEck Semiconductor ETF has a twelve month low of $163.97 and a twelve month high of $283.07. The company’s 50-day moving average price is $248.60 and its 200-day moving average price is $247.70. The stock has a market cap of $24.72 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.