Harbour Wealth Management Group Inc. Makes New $1.67 Million Investment in VanEck Semiconductor ETF $SMH

Harbour Wealth Management Group Inc. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,641 shares of the company’s stock, valued at approximately $1,671,000. VanEck Semiconductor ETF accounts for about 1.3% of Harbour Wealth Management Group Inc.’s portfolio, making the stock its 21st largest holding.

Several other institutional investors also recently made changes to their positions in SMH. Bank of America Corp DE increased its position 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 worth $4,384,288,000 after buying an additional 7,678,318 shares during the period. Morgan Stanley lifted its stake in VanEck Semiconductor ETF by 4.8% in the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock valued at $957,061,000 after buying an additional 121,815 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of 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 valued at $431,759,000 after acquiring an additional 735,425 shares during the period. Bank of Nova Scotia boosted its holdings in shares of VanEck Semiconductor ETF by 24,986.6% during the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after acquiring an additional 752,097 shares during the period. Finally, Focus Partners Wealth grew its position in shares of VanEck Semiconductor ETF by 906.5% during 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 during the last quarter.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock opened at $659.88 on Friday. VanEck Semiconductor ETF has a one year low of $257.12 and a one year high of $663.80. The company has a 50-day simple moving average of $546.75 and a 200-day simple moving average of $443.60. The firm has a market capitalization of $76.67 billion, a P/E ratio of 34.83 and a beta of 1.72.

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.