VanEck Semiconductor ETF (NASDAQ:SMH) Stake Raised by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,034 shares of the company’s stock after purchasing an additional 2,446 shares during the quarter. VanEck Semiconductor ETF comprises 1.9% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 8th biggest position. Newbridge Financial Services Group Inc.’s holdings in VanEck Semiconductor ETF were worth $7,516,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mendota Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter worth about $25,000. Hartford Financial Management Inc. raised its holdings in VanEck Semiconductor ETF by 61.9% in the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 39 shares during the period. Mather Group LLC. boosted its position in VanEck Semiconductor ETF by 320.0% during the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in VanEck Semiconductor ETF during the third quarter worth approximately $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF in the third quarter valued at approximately $29,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH opened at $245.00 on Friday. The firm has a fifty day moving average of $248.67 and a 200 day moving average of $244.23. The firm has a market cap of $23.20 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $193.72 and a one year high of $283.07.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were paid a $1.0713 dividend. The ex-dividend date was Monday, December 23rd.

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.