Ameritas Cuts VanEck Semiconductor ETF Stake 71%, AI Pivot Drives Demand
Ameritas slashed SMH holdings by 71%, selling 10,801 shares to leave 4,415, while Atria cut its position by 7.5%, selling 1,597 shares. Cango’s pivot to distributed AI inference highlights rising compute and power needs, boosting demand for semiconductor ETFs like VanEck Semiconductor ETF.
1. Advisory Firms Trim ETF Positions
In the latest quarter, Ameritas Advisory Services cut its VanEck Semiconductor ETF holdings by 71%, selling 10,801 shares to leave 4,415, while Atria Investments offloaded 1,597 shares, a 7.5% reduction resulting in 19,559 shares.
2. Cango’s AI Pivot Reinforces Semiconductor ETF Demand
Cango Inc’s transition from Bitcoin mining to distributed AI inference computing underscores growing electricity and compute infrastructure needs, driving stronger institutional interest in semiconductor ETFs such as VanEck Semiconductor ETF.