WealthBridge Capital Management LLC Purchases New Holdings in VanEck Semiconductor ETF $SMH

WealthBridge Capital Management LLC acquired a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,634 shares of the company’s stock, valued at approximately $1,393,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC purchased a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at approximately $28,000. Investment Counsel Co. of Nevada bought a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at approximately $35,000. Core Wealth Advisors LLC purchased a new position in VanEck Semiconductor ETF during the 4th quarter valued at $36,000. Jessup Wealth Management Inc bought a new position in VanEck Semiconductor ETF in the 4th quarter valued at $40,000. Finally, CENTRAL TRUST Co grew its position in VanEck Semiconductor ETF by 66.7% in the 4th quarter. CENTRAL TRUST Co now owns 120 shares of the company’s stock valued at $43,000 after acquiring an additional 48 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 7.0%

SMH stock opened at $622.05 on Wednesday. The business’s fifty day simple moving average is $559.97 and its two-hundred day simple moving average is $449.76. VanEck Semiconductor ETF has a twelve month low of $265.74 and a twelve month high of $671.83. The firm has a market cap of $72.28 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72.

VanEck Semiconductor ETF Company 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.