Lionsbridge Wealth Management LLC Takes $18.03 Million Position in VanEck Semiconductor ETF $SMH

Lionsbridge Wealth Management LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,493 shares of the company’s stock, valued at approximately $18,032,000. VanEck Semiconductor ETF makes up about 15.6% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its biggest position.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its stake in VanEck Semiconductor ETF by 170.8% in the fourth quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after purchasing an additional 7,678,318 shares in the last quarter. Morgan Stanley lifted its position in VanEck Semiconductor ETF by 4.8% during the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after purchasing an additional 121,815 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after buying an additional 735,425 shares in the last quarter. Meitav Investment House Ltd. grew its stake in VanEck Semiconductor ETF by 17.3% during the first quarter. Meitav Investment House Ltd. now owns 905,426 shares of the company’s stock worth $347,140,000 after buying an additional 133,601 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in VanEck Semiconductor ETF by 906.5% in the 4th quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock valued at $268,562,000 after buying an additional 671,673 shares during the period.

VanEck Semiconductor ETF Stock Down 2.0%

SMH stock opened at $545.22 on Wednesday. The company’s 50-day moving average price is $577.50 and its two-hundred day moving average price is $518.80. The firm has a market cap of $68.50 billion, a P/E ratio of 34.83 and a beta of 1.73. VanEck Semiconductor ETF has a 12 month low of $281.74 and a 12 month high of $671.83.

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.