IFG Advisory LLC Buys 2,715 Shares of VanEck Semiconductor ETF $SMH

IFG Advisory LLC raised its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 80.1% in the third quarter, Holdings Channel reports. The fund owned 6,104 shares of the company’s stock after acquiring an additional 2,715 shares during the period. IFG Advisory LLC’s holdings in VanEck Semiconductor ETF were worth $1,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alpha Cubed Investments LLC lifted its holdings in VanEck Semiconductor ETF by 2.5% during the 3rd quarter. Alpha Cubed Investments LLC now owns 1,170 shares of the company’s stock valued at $382,000 after purchasing an additional 28 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of 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 acquiring an additional 28 shares during the last quarter. Klingman & Associates LLC raised its stake 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 acquiring an additional 29 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in shares of VanEck Semiconductor ETF by 0.8% in the 3rd quarter. Global Financial Private Client LLC now owns 3,947 shares of the company’s stock worth $1,288,000 after acquiring an additional 32 shares in the last quarter. Finally, Abound Wealth Management boosted its holdings in shares of VanEck Semiconductor ETF by 4.2% in the 3rd quarter. Abound Wealth Management now owns 848 shares of the company’s stock worth $277,000 after acquiring an additional 34 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ SMH opened at $380.56 on Friday. The stock’s 50 day simple moving average is $397.18 and its 200 day simple moving average is $356.50. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $427.94. The firm has a market cap of $41.59 billion, a PE ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $1.1047 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a 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.