NewEdge Advisors LLC Acquires 2,080 Shares of VanEck Semiconductor ETF $SMH

NewEdge Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 69,964 shares of the company’s stock after acquiring an additional 2,080 shares during the period. NewEdge Advisors LLC owned about 0.06% of VanEck Semiconductor ETF worth $45,889,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SMH. Bank of America Corp DE increased its stake in VanEck Semiconductor ETF by 170.8% in the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock worth $4,384,288,000 after purchasing an additional 7,678,318 shares during the period. Focus Partners Wealth boosted its stake in shares of VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after purchasing an additional 671,673 shares during the period. Renaissance Technologies LLC bought a new position in shares of VanEck Semiconductor ETF in the first quarter worth about $141,661,000. Baker Avenue Asset Management LP grew its holdings in shares of VanEck Semiconductor ETF by 100.3% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,011 shares of the company’s stock worth $364,000 after purchasing an additional 349,979 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in VanEck Semiconductor ETF by 107.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 570,000 shares of the company’s stock worth $218,538,000 after buying an additional 295,000 shares during the period.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $574.29 on Thursday. VanEck Semiconductor ETF has a 12 month low of $298.77 and a 12 month high of $671.83. The firm’s 50-day moving average is $569.72 and its 200 day moving average is $525.38. The company has a market capitalization of $72.15 billion, a PE ratio of 34.83 and a beta of 1.73.

VanEck Semiconductor ETF Profile

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.