Brown Advisory Inc. Has $373,000 Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Brown Advisory Inc. lowered its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 4.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,764 shares of the company’s stock after selling 80 shares during the quarter. Brown Advisory Inc.’s holdings in VanEck Semiconductor ETF were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Consolidated Capital Management LLC raised its stake in VanEck Semiconductor ETF by 8.2% in the first quarter. Consolidated Capital Management LLC now owns 15,730 shares of the company’s stock valued at $3,326,000 after purchasing an additional 1,187 shares in the last quarter. Alpha Cubed Investments LLC bought a new position in VanEck Semiconductor ETF in the first quarter valued at about $238,000. Yong Rong HK Asset Management Ltd bought a new position in VanEck Semiconductor ETF in the first quarter valued at about $6,768,000. Abound Financial LLC grew its position in VanEck Semiconductor ETF by 27.3% in the first quarter. Abound Financial LLC now owns 2,003 shares of the company’s stock valued at $424,000 after acquiring an additional 430 shares during the last quarter. Finally, J Hagan Capital Inc. bought a new position in VanEck Semiconductor ETF in the first quarter valued at about $313,000.

VanEck Semiconductor ETF Stock Up 1.9%

VanEck Semiconductor ETF stock opened at $290.80 on Wednesday. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $293.20. The business’s 50-day moving average price is $258.71 and its two-hundred day moving average price is $239.28. The stock has a market cap of $27.99 billion, a PE ratio of 34.83 and a beta of 1.35.

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.