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

NewEdge Advisors LLC grew its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,964 shares of the company’s stock after buying an additional 2,080 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $45,889,000 at the end of the most recent reporting period.

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

VanEck Semiconductor ETF Stock Performance

NASDAQ:SMH opened at $574.29 on Thursday. VanEck Semiconductor ETF has a one year low of $298.77 and a one year high of $671.83. The firm has a market cap of $72.15 billion, a P/E ratio of 34.83 and a beta of 1.73. The firm has a 50-day simple moving average of $569.72 and a 200-day simple moving average of $525.38.

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.