NewEdge Advisors LLC Has $17.62 Million Stake in VanEck Semiconductor ETF $SMH

NewEdge Advisors LLC lowered its position in shares of VanEck Semiconductor ETF (NASDAQ:SMHFree Report) by 33.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,969 shares of the company’s stock after selling 22,757 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $17,625,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of VanEck Semiconductor ETF by 170.8% in the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock worth $4,384,288,000 after acquiring an additional 7,678,318 shares in the last quarter. Morgan Stanley boosted its position in shares of VanEck Semiconductor ETF by 4.8% during the 4th quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock valued at $957,061,000 after purchasing an additional 121,815 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of VanEck Semiconductor ETF by 158.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after purchasing an additional 735,425 shares in the last quarter. Meitav Investment House Ltd. grew its stake in VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after purchasing an additional 133,601 shares during the period. Finally, Focus Partners Wealth grew its stake in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after purchasing an additional 671,673 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $504.22 on Thursday. The company has a market cap of $60.78 billion, a P/E ratio of 34.83 and a beta of 1.71. VanEck Semiconductor ETF has a fifty-two week low of $279.19 and a fifty-two week high of $671.83. The stock has a 50 day simple moving average of $599.34 and a two-hundred day simple moving average of $490.84.

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VanEck Semiconductor ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Semiconductor ETF (NASDAQ:SMH)

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