Hsbc Holdings PLC Raises Stock Holdings in VanEck Semiconductor ETF $SMH

Hsbc Holdings PLC grew its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 71.7% in the first quarter, Holdings Channel reports. The fund owned 17,092 shares of the company’s stock after buying an additional 7,137 shares during the quarter. Hsbc Holdings PLC’s holdings in VanEck Semiconductor ETF were worth $6,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Berger Financial Group Inc raised its stake in VanEck Semiconductor ETF by 1.3% during the first quarter. Berger Financial Group Inc now owns 1,659 shares of the company’s stock valued at $636,000 after purchasing an additional 21 shares in the last quarter. Goodman Advisory Group LLC grew its stake in shares of VanEck Semiconductor ETF by 7.8% in the 1st quarter. Goodman Advisory Group LLC now owns 318 shares of the company’s stock worth $122,000 after buying an additional 23 shares in the last quarter. Howe & Rusling Inc. increased its holdings in shares of VanEck Semiconductor ETF by 4.3% in the 1st quarter. Howe & Rusling Inc. now owns 612 shares of the company’s stock worth $235,000 after buying an additional 25 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of VanEck Semiconductor ETF by 2.2% in the 4th quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock worth $434,000 after buying an additional 26 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. raised its position in shares of VanEck Semiconductor ETF by 1.1% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 2,567 shares of the company’s stock valued at $984,000 after buying an additional 27 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.1%

Shares of NASDAQ:SMH opened at $580.17 on Friday. VanEck Semiconductor ETF has a 12 month low of $279.19 and a 12 month high of $671.83. The company has a 50-day moving average price of $600.69 and a 200 day moving average price of $486.52. The company has a market cap of $70.31 billion, a price-to-earnings 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.