Princeton Global Asset Management LLC Boosts Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Princeton Global Asset Management LLC lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 175.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648 shares of the company’s stock after purchasing an additional 413 shares during the quarter. Princeton Global Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LMR Partners LLP grew its position in VanEck Semiconductor ETF by 100.1% during the 4th quarter. LMR Partners LLP now owns 1,474 shares of the company’s stock worth $357,000 after acquiring an additional 1,381,969 shares during the last quarter. Raymond James Financial Inc. bought a new position in VanEck Semiconductor ETF during the 4th quarter worth approximately $144,385,000. CMT Capital Markets Trading GmbH grew its position in VanEck Semiconductor ETF by 101.1% during the 4th quarter. CMT Capital Markets Trading GmbH now owns 6,049 shares of the company’s stock worth $1,466,000 after acquiring an additional 537,538 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in VanEck Semiconductor ETF during the 4th quarter worth approximately $121,329,000. Finally, JPMorgan Chase & Co. grew its position in VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after acquiring an additional 424,042 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

SMH opened at $252.73 on Friday. The stock’s 50 day simple moving average is $219.82 and its 200 day simple moving average is $234.17. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $283.07. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 30.48 and a beta of 1.35.

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.