Dumont & Blake Investment Advisors LLC Sells 7,901 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Dumont & Blake Investment Advisors LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 49.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,928 shares of the company’s stock after selling 7,901 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $1,946,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mendota Financial Group LLC bought a new stake in VanEck Semiconductor ETF in the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $26,000. Innealta Capital LLC bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at about $28,000. TD Capital Management LLC bought a new position in shares of VanEck Semiconductor ETF during the 2nd quarter valued at approximately $29,000. Finally, Pineridge Advisors LLC grew its position in VanEck Semiconductor ETF by 294.1% in the first quarter. Pineridge Advisors LLC now owns 134 shares of the company’s stock worth $30,000 after acquiring an additional 100 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH stock traded up $3.76 during midday trading on Friday, reaching $253.82. The company’s stock had a trading volume of 585,521 shares, compared to its average volume of 8,126,437. The stock has a fifty day simple moving average of $242.54 and a two-hundred day simple moving average of $241.27. VanEck Semiconductor ETF has a 1 year low of $136.10 and a 1 year high of $283.07. The firm has a market capitalization of $24.97 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.