Baird Financial Group Inc. Buys 12,933 Shares of VanEck Semiconductor ETF $SMH

Baird Financial Group Inc. raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 39.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,647 shares of the company’s stock after buying an additional 12,933 shares during the quarter. Baird Financial Group Inc.’s holdings in VanEck Semiconductor ETF were worth $12,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust acquired a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new position in VanEck Semiconductor ETF during the second quarter valued at approximately $25,000. Banque Transatlantique SA bought a new stake in VanEck Semiconductor ETF in the first quarter valued at approximately $27,000. UMB Bank n.a. acquired a new stake in VanEck Semiconductor ETF in the second quarter worth $28,000. Finally, Hilltop National Bank acquired a new stake in VanEck Semiconductor ETF in the second quarter worth $28,000.

VanEck Semiconductor ETF Stock Up 0.8%

Shares of NASDAQ SMH opened at $364.42 on Monday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $372.78. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The company’s fifty day moving average is $346.55 and its 200-day moving average is $305.55.

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.