Triumph Capital Management Reduces Stock Position in VanEck Semiconductor ETF $SMH

Triumph Capital Management decreased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 57.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,146 shares of the company’s stock after selling 1,546 shares during the period. Triumph Capital Management’s holdings in VanEck Semiconductor ETF were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Alpha Cubed Investments LLC raised its holdings in VanEck Semiconductor ETF by 2.5% during the third quarter. Alpha Cubed Investments LLC now owns 1,170 shares of the company’s stock worth $382,000 after purchasing an additional 28 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in VanEck Semiconductor ETF by 24.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 144 shares of the company’s stock valued at $46,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC increased its position in shares of VanEck Semiconductor ETF by 2.7% in the third quarter. Klingman & Associates LLC now owns 1,100 shares of the company’s stock valued at $359,000 after buying an additional 29 shares in the last quarter. Global Financial Private Client LLC increased its position in shares of VanEck Semiconductor ETF by 0.8% in the third quarter. Global Financial Private Client LLC now owns 3,947 shares of the company’s stock valued at $1,288,000 after buying an additional 32 shares in the last quarter. Finally, Abound Wealth Management raised its stake in shares of VanEck Semiconductor ETF by 4.2% during the 3rd quarter. Abound Wealth Management now owns 848 shares of the company’s stock worth $277,000 after buying an additional 34 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 0.8%

VanEck Semiconductor ETF stock opened at $393.74 on Thursday. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $427.94. The firm’s 50-day simple moving average is $400.81 and its 200 day simple moving average is $362.59. The firm has a market capitalization of $43.03 billion, a PE ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

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

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.