NewEdge Advisors LLC Cuts Position in VanEck Semiconductor ETF $SMH

NewEdge Advisors LLC decreased its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 38.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,995 shares of the company’s stock after selling 10,724 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $3,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management raised its holdings in shares of VanEck Semiconductor ETF by 23.8% in the 4th quarter. Triumph Capital Management now owns 4,282 shares of the company’s stock valued at $1,037,000 after purchasing an additional 823 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth about $913,000. M&T Bank Corp boosted its position in shares of VanEck Semiconductor ETF by 7.2% during the 1st quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock worth $339,000 after acquiring an additional 107 shares in the last quarter. Northern Trust Corp increased its holdings in shares of VanEck Semiconductor ETF by 7.5% in the 4th quarter. Northern Trust Corp now owns 5,192 shares of the company’s stock valued at $1,257,000 after acquiring an additional 360 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of VanEck Semiconductor ETF by 103.7% during the 1st quarter. Blue Trust Inc. now owns 275 shares of the company’s stock worth $58,000 after acquiring an additional 140 shares in the last quarter.

VanEck Semiconductor ETF Stock Up 0.4%

SMH stock opened at $297.81 on Wednesday. The business has a 50 day moving average price of $290.56 and a 200 day moving average price of $250.86. The stock has a market cap of $27.50 billion, a price-to-earnings ratio of 34.83 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $302.98.

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.