Baer Investment Advisory LLC Makes New $972,000 Investment in VanEck Semiconductor ETF $SMH

Baer Investment Advisory LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the first quarter, Holdings Channel reports. The institutional investor purchased 2,536 shares of the company’s stock, valued at approximately $972,000.

Other institutional investors have also recently made changes to their positions in the company. Flagstar Advisors Inc. grew its holdings in VanEck Semiconductor ETF by 68.2% in the 4th quarter. Flagstar Advisors Inc. now owns 5,910 shares of the company’s stock valued at $2,128,000 after buying an additional 2,396 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of VanEck Semiconductor ETF by 128.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,510 shares of the company’s stock valued at $3,177,000 after acquiring an additional 4,778 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of VanEck Semiconductor ETF by 2.9% during the 4th quarter. Apollon Wealth Management LLC now owns 47,977 shares of the company’s stock valued at $17,278,000 after acquiring an additional 1,356 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of VanEck Semiconductor ETF by 58.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,481 shares of the company’s stock valued at $11,697,000 after purchasing an additional 11,973 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of VanEck Semiconductor ETF by 72.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,452 shares of the company’s stock valued at $145,296,000 after buying an additional 169,737 shares during the period.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $592.29 on Friday. VanEck Semiconductor ETF has a 52-week low of $278.55 and a 52-week high of $671.83. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 34.83 and a beta of 1.71. The business has a fifty day moving average of $585.68 and a two-hundred day moving average of $463.36.

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.