Harbour Investments Inc. Boosts Stake in VanEck Semiconductor ETF $SMH

Harbour Investments Inc. raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,157 shares of the company’s stock after buying an additional 6,353 shares during the quarter. Harbour Investments Inc. owned about 0.07% of VanEck Semiconductor ETF worth $16,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMH. Dynamic Advisor Solutions LLC purchased a new position in shares of VanEck Semiconductor ETF in the 1st quarter worth about $913,000. M&T Bank Corp boosted its holdings in shares of VanEck Semiconductor ETF by 7.2% in the 1st quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock worth $339,000 after purchasing an additional 107 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of VanEck Semiconductor ETF by 188.5% in the 2nd quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock worth $84,000 after purchasing an additional 196 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of VanEck Semiconductor ETF by 19.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,737 shares of the company’s stock worth $8,718,000 after purchasing an additional 5,092 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of VanEck Semiconductor ETF by 103.7% in the 1st quarter. Blue Trust Inc. now owns 275 shares of the company’s stock worth $58,000 after purchasing an additional 140 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.8%

SMH opened at $333.50 on Wednesday. The stock has a 50-day moving average price of $308.74 and a 200-day moving average price of $267.85. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $348.53. The stock has a market capitalization of $33.20 billion, a P/E ratio of 34.83 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.