Hsbc Holdings PLC Purchases 7,137 Shares of VanEck Semiconductor ETF $SMH

Hsbc Holdings PLC lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 71.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,092 shares of the company’s stock after purchasing an additional 7,137 shares during the period. Hsbc Holdings PLC’s holdings in VanEck Semiconductor ETF were worth $6,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SMH. WealthCollab LLC purchased a new stake in VanEck Semiconductor ETF in the 4th quarter worth $28,000. Investment Counsel Co. of Nevada purchased a new position in shares of VanEck Semiconductor ETF in the fourth quarter valued at about $35,000. Core Wealth Advisors LLC bought a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth about $36,000. Jessup Wealth Management Inc bought a new position in shares of VanEck Semiconductor ETF in the fourth quarter worth about $40,000. Finally, CENTRAL TRUST Co grew its position in shares of VanEck Semiconductor ETF by 66.7% during the fourth quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock worth $43,000 after purchasing an additional 48 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.1%

Shares of SMH opened at $580.17 on Friday. The business’s 50 day moving average is $600.69 and its 200 day moving average is $486.52. VanEck Semiconductor ETF has a 12-month low of $279.19 and a 12-month high of $671.83. The company has a market capitalization of $70.31 billion, a PE ratio of 34.83 and a beta of 1.71.

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.