HighTower Advisors LLC Has $17.53 Million Stock Position in VanEck Semiconductor ETF $SMH

HighTower Advisors LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 56.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 53,708 shares of the company’s stock after buying an additional 19,306 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $17,530,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SMH. Snider Financial Group increased its holdings in shares of VanEck Semiconductor ETF by 1.7% in the third quarter. Snider Financial Group now owns 8,918 shares of the company’s stock valued at $2,911,000 after purchasing an additional 150 shares in the last quarter. Mason & Associates Inc boosted its position in VanEck Semiconductor ETF by 1.3% in the 3rd quarter. Mason & Associates Inc now owns 51,150 shares of the company’s stock valued at $16,693,000 after buying an additional 638 shares during the last quarter. Florida Financial Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 48.6% during the third quarter. Florida Financial Advisors LLC now owns 6,488 shares of the company’s stock worth $2,117,000 after acquiring an additional 2,122 shares during the last quarter. Liberty Square Wealth Partners LLC lifted its stake in shares of VanEck Semiconductor ETF by 5.7% during the third quarter. Liberty Square Wealth Partners LLC now owns 4,624 shares of the company’s stock valued at $1,509,000 after acquiring an additional 251 shares during the period. Finally, Horizon Wealth Management LLC lifted its stake in shares of VanEck Semiconductor ETF by 0.8% during the third quarter. Horizon Wealth Management LLC now owns 35,691 shares of the company’s stock valued at $11,648,000 after acquiring an additional 280 shares during the period.

VanEck Semiconductor ETF Stock Down 0.6%

VanEck Semiconductor ETF stock opened at $410.20 on Friday. The business’s 50-day simple moving average is $386.27 and its 200 day simple moving average is $347.98. The stock has a market cap of $44.83 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $420.60.

VanEck Semiconductor ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders 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 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.