Harbour Wealth Management Group Inc. Sells 1,107 Shares of VanEck Semiconductor ETF $SMH

Harbour Wealth Management Group Inc. lowered its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 23.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,534 shares of the company’s stock after selling 1,107 shares during the period. VanEck Semiconductor ETF makes up 1.0% of Harbour Wealth Management Group Inc.’s investment portfolio, making the stock its 25th biggest holding. Harbour Wealth Management Group Inc.’s holdings in VanEck Semiconductor ETF were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its position in VanEck Semiconductor ETF by 170.8% in the 4th quarter. Bank of America Corp DE now owns 12,174,182 shares of the company’s stock valued at $4,384,288,000 after buying an additional 7,678,318 shares in the last quarter. Bank of Nova Scotia boosted its holdings in VanEck Semiconductor ETF by 24,986.6% in the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after acquiring an additional 752,097 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in VanEck Semiconductor ETF by 158.7% in 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 acquiring an additional 735,425 shares in the last quarter. Focus Partners Wealth boosted its holdings in VanEck Semiconductor ETF by 906.5% in the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after acquiring an additional 671,673 shares in the last quarter. Finally, Capital Markets Trading UK LLP grew its stake in VanEck Semiconductor ETF by 100.7% in the third quarter. Capital Markets Trading UK LLP now owns 4,319 shares of the company’s stock valued at $1,410,000 after acquiring an additional 617,050 shares during the period.

VanEck Semiconductor ETF Stock Up 1.4%

NASDAQ SMH opened at $668.91 on Tuesday. The company has a market cap of $77.72 billion, a price-to-earnings ratio of 34.83 and a beta of 1.72. VanEck Semiconductor ETF has a 52 week low of $257.12 and a 52 week high of $671.83. The business has a 50 day moving average price of $556.26 and a 200-day moving average price of $447.94.

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.