Gemsstock Ltd. Makes New $17.98 Million Investment in VanEck Semiconductor ETF $SMH

Gemsstock Ltd. purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 55,100 shares of the company’s stock, valued at approximately $17,982,000. VanEck Semiconductor ETF makes up about 4.7% of Gemsstock Ltd.’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds have also modified their holdings of the business. Realta Investment Advisors raised its position in shares of VanEck Semiconductor ETF by 84.4% during the 3rd quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in VanEck Semiconductor ETF during the second quarter worth $28,000. Sound Income Strategies LLC raised its holdings in shares of VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $31,000 after acquiring an additional 58 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at $31,000. Finally, CX Institutional lifted its position in shares of VanEck Semiconductor ETF by 288.5% in the third quarter. CX Institutional now owns 101 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 3.3%

SMH opened at $412.01 on Friday. The firm has a market cap of $45.03 billion, a P/E ratio of 34.83 and a beta of 1.52. The business’s fifty day simple moving average is $393.07 and its 200 day simple moving average is $352.40. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $427.94.

VanEck Semiconductor ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $1.1047 per share. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 31.0%.

VanEck Semiconductor ETF Company 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.