Princeton Global Asset Management LLC Raises Stock Position in VanEck Semiconductor ETF $SMH

Princeton Global Asset Management LLC increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 31.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 852 shares of the company’s stock after purchasing an additional 204 shares during the period. Princeton Global Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $238,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $25,000. UMB Bank n.a. purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $28,000. Hilltop National Bank purchased a new position in shares of VanEck Semiconductor ETF during the 2nd quarter worth about $28,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of VanEck Semiconductor ETF by 61.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock worth $31,000 after purchasing an additional 44 shares during the period.

VanEck Semiconductor ETF Trading Up 1.3%

SMH stock opened at $347.22 on Tuesday. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $350.05. The company has a 50-day moving average price of $312.94 and a 200 day moving average price of $272.25. The stock has a market cap of $33.94 billion, a PE ratio of 34.83 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.