WealthBridge Investment Counsel Inc. lifted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) by 83.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,240 shares of the company’s stock after acquiring an additional 3,300 shares during the period. WealthBridge Investment Counsel Inc.’s holdings in VanEck Semiconductor ETF were worth $1,531,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in VanEck Semiconductor ETF by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,437,381 shares of the company’s stock worth $348,091,000 after purchasing an additional 133,724 shares during the last quarter. Main Management ETF Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 3.2% during the fourth quarter. Main Management ETF Advisors LLC now owns 972,740 shares of the company’s stock valued at $235,568,000 after buying an additional 29,920 shares during the period. Meitav Investment House Ltd. increased its position in shares of VanEck Semiconductor ETF by 4.1% during the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after buying an additional 24,516 shares during the period. Raymond James Financial Inc. purchased a new stake in VanEck Semiconductor ETF in the fourth quarter worth about $144,385,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in VanEck Semiconductor ETF in the fourth quarter worth about $121,329,000.
VanEck Semiconductor ETF Stock Up 0.6%
NASDAQ:SMH opened at $252.73 on Friday. The company’s 50 day moving average price is $219.82 and its 200-day moving average price is $234.22. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $283.07. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 30.48 and a beta of 1.35.
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.
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