Harbour Wealth Management Group Inc. Takes $1.67 Million Position in VanEck Semiconductor ETF $SMH

Harbour Wealth Management Group Inc. purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,641 shares of the company’s stock, valued at approximately $1,671,000. VanEck Semiconductor ETF accounts for approximately 1.3% of Harbour Wealth Management Group Inc.’s holdings, making the stock its 21st largest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in shares of VanEck Semiconductor ETF by 2.2% during the 4th quarter. Brooklyn Investment Group now owns 1,192 shares of the company’s stock valued at $434,000 after purchasing an additional 26 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of VanEck Semiconductor ETF by 1.8% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,624 shares of the company’s stock worth $585,000 after purchasing an additional 29 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of VanEck Semiconductor ETF by 3.6% in the 4th quarter. Johnson Investment Counsel Inc. now owns 844 shares of the company’s stock worth $304,000 after purchasing an additional 29 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of VanEck Semiconductor ETF by 0.3% in the 4th quarter. Arkadios Wealth Advisors now owns 8,670 shares of the company’s stock worth $3,122,000 after purchasing an additional 30 shares in the last quarter. Finally, One Capital Management LLC lifted its stake in VanEck Semiconductor ETF by 0.3% during the fourth quarter. One Capital Management LLC now owns 11,036 shares of the company’s stock valued at $3,974,000 after purchasing an additional 31 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $659.88 on Friday. The stock has a market capitalization of $76.67 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a 1-year low of $257.12 and a 1-year high of $663.80. The company has a 50 day moving average price of $546.75 and a 200 day moving average price of $443.60.

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.