VanEck Semiconductor ETF $SMH Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC cut its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 61.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,881 shares of the company’s stock after selling 6,163 shares during the quarter. Modern Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,266,000 as of its most recent SEC filing.

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

VanEck Semiconductor ETF Stock Down 3.7%

NASDAQ SMH opened at $380.56 on Monday. The stock has a market cap of $41.59 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $427.94. The business has a 50 day moving average price of $397.18 and a two-hundred day moving average price of $357.44.

VanEck Semiconductor ETF Dividend Announcement

The company also recently announced 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. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.