Newbridge Financial Services Group Inc. Buys 6,334 Shares of VanEck Semiconductor ETF $SMH

Newbridge Financial Services Group Inc. raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 16.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,600 shares of the company’s stock after buying an additional 6,334 shares during the quarter. VanEck Semiconductor ETF makes up about 2.0% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 10th largest holding. Newbridge Financial Services Group Inc.’s holdings in VanEck Semiconductor ETF were worth $12,438,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vestmark Advisory Solutions Inc. bought a new stake in VanEck Semiconductor ETF in the 1st quarter valued at about $254,000. Nations Financial Group Inc. IA ADV increased its stake in shares of VanEck Semiconductor ETF by 6.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 1,001 shares of the company’s stock valued at $212,000 after purchasing an additional 58 shares during the period. Menora Mivtachim Holdings LTD. raised its holdings in shares of VanEck Semiconductor ETF by 48.1% during the first quarter. Menora Mivtachim Holdings LTD. now owns 496,500 shares of the company’s stock valued at $104,995,000 after buying an additional 161,350 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of VanEck Semiconductor ETF by 18.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 37,877 shares of the company’s stock worth $8,010,000 after buying an additional 5,871 shares during the period. Finally, SFI Advisors LLC bought a new position in VanEck Semiconductor ETF in the 1st quarter worth approximately $832,000.

VanEck Semiconductor ETF Price Performance

SMH opened at $354.12 on Friday. The stock’s 50 day moving average price is $350.13 and its 200 day moving average price is $309.54. The stock has a market cap of $35.55 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $375.59.

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.