Baird Financial Group Inc. Has $6.92 Million Stock Position in VanEck Semiconductor ETF $SMH

Baird Financial Group Inc. lowered its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 17.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 32,714 shares of the company’s stock after selling 6,946 shares during the period. Baird Financial Group Inc.’s holdings in VanEck Semiconductor ETF were worth $6,918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SMH. Triumph Capital Management grew its position in shares of VanEck Semiconductor ETF by 23.8% during the 4th quarter. Triumph Capital Management now owns 4,282 shares of the company’s stock worth $1,037,000 after purchasing an additional 823 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of VanEck Semiconductor ETF during the 1st quarter worth approximately $913,000. First Trust Advisors LP acquired a new position in shares of VanEck Semiconductor ETF during the 4th quarter worth approximately $251,000. M&T Bank Corp grew its position in shares of VanEck Semiconductor ETF by 7.2% during the 1st quarter. M&T Bank Corp now owns 1,601 shares of the company’s stock worth $339,000 after purchasing an additional 107 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of VanEck Semiconductor ETF by 7.5% during the 4th quarter. Northern Trust Corp now owns 5,192 shares of the company’s stock worth $1,257,000 after purchasing an additional 360 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 0.0%

Shares of NASDAQ:SMH opened at $286.43 on Thursday. The company’s 50 day moving average price is $289.22 and its two-hundred day moving average price is $249.80. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $302.98. The firm has a market cap of $26.45 billion, a PE ratio of 34.83 and a beta of 1.35.

VanEck Semiconductor ETF Profile

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.