Princeton Global Asset Management LLC Acquires 413 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Princeton Global Asset Management LLC boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 175.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 648 shares of the company’s stock after acquiring 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 reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Fiduciary Planning LLC increased its stake in VanEck Semiconductor ETF by 12.6% in the 1st quarter. Fiduciary Planning LLC now owns 46,880 shares of the company’s stock worth $9,914,000 after acquiring an additional 5,239 shares during the last quarter. Horizon Wealth Management LLC increased its stake in VanEck Semiconductor ETF by 1.5% in the 1st quarter. Horizon Wealth Management LLC now owns 65,139 shares of the company’s stock worth $13,775,000 after acquiring an additional 984 shares during the last quarter. Pines Wealth Management LLC increased its stake in VanEck Semiconductor ETF by 36.5% in the 1st quarter. Pines Wealth Management LLC now owns 3,482 shares of the company’s stock worth $736,000 after acquiring an additional 932 shares during the last quarter. IAM Advisory LLC increased its stake in VanEck Semiconductor ETF by 0.6% in the 1st quarter. IAM Advisory LLC now owns 29,877 shares of the company’s stock worth $6,318,000 after acquiring an additional 164 shares during the last quarter. Finally, Unique Wealth LLC bought a new position in VanEck Semiconductor ETF in the 1st quarter worth about $314,000.

VanEck Semiconductor ETF Stock Up 0.6%

Shares of NASDAQ SMH opened at $252.73 on Friday. The firm has a market capitalization of $22.89 billion, a P/E ratio of 30.48 and a beta of 1.35. The stock’s 50-day simple moving average is $219.82 and its two-hundred day simple moving average is $234.17. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $283.07.

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.