Maridea Wealth Management LLC Boosts Holdings in VanEck Semiconductor ETF $SMH

Maridea Wealth Management LLC boosted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 390.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,394 shares of the company’s stock after acquiring an additional 5,886 shares during the period. Maridea Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of VanEck Semiconductor ETF by 93.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock worth $406,718,000 after purchasing an additional 703,799 shares during the last quarter. CMT Capital Markets Trading GmbH grew its holdings in VanEck Semiconductor ETF by 102.0% during the 2nd quarter. CMT Capital Markets Trading GmbH now owns 10,437 shares of the company’s stock valued at $2,910,000 after buying an additional 531,232 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in VanEck Semiconductor ETF by 3,235,614.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock worth $126,333,000 after buying an additional 452,986 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of VanEck Semiconductor ETF in the second quarter worth $62,748,000. Finally, Allianz SE acquired a new position in shares of VanEck Semiconductor ETF in the second quarter worth $55,524,000.

VanEck Semiconductor ETF Stock Down 0.1%

SMH opened at $407.51 on Wednesday. The firm has a market cap of $44.54 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $420.60. The business’s fifty day simple moving average is $384.71 and its 200 day simple moving average is $347.09.

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 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.