NewEdge Wealth LLC Increases Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

NewEdge Wealth LLC increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,287 shares of the company’s stock after purchasing an additional 2,291 shares during the period. NewEdge Wealth LLC owned 0.18% of VanEck Semiconductor ETF worth $21,384,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Covestor Ltd acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $28,000. Sanctuary Wealth Management L.L.C. acquired a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $25,000. FinTrust Capital Advisors LLC raised its holdings in VanEck Semiconductor ETF by 363.2% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 176 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the last quarter. Finally, Tucker Asset Management LLC raised its holdings in VanEck Semiconductor ETF by 68.6% in the 2nd quarter. Tucker Asset Management LLC now owns 177 shares of the company’s stock valued at $27,000 after acquiring an additional 72 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

SMH traded down $6.63 during trading on Friday, hitting $220.68. The company’s stock had a trading volume of 8,736,520 shares, compared to its average volume of 8,708,317. The firm’s 50 day moving average price is $215.19 and its 200-day moving average price is $180.34. The stock has a market cap of $18.41 billion, a PE ratio of 17.19 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $118.57 and a twelve month high of $239.14.

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.