TCP Asset Management LLC Grows Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

TCP Asset Management LLC boosted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,718 shares of the company’s stock after purchasing an additional 979 shares during the quarter. VanEck Semiconductor ETF makes up 1.7% of TCP Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. TCP Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Mendota Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF during the third quarter worth approximately $25,000. Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $29,000. Pathway Financial Advisers LLC lifted its position in shares of VanEck Semiconductor ETF by 194.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock worth $38,000 after purchasing an additional 101 shares during the last quarter. Finally, PSI Advisors LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter worth $39,000.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $258.25 on Friday. The stock’s fifty day moving average is $247.11 and its two-hundred day moving average is $246.10. The stock has a market cap of $24.36 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $177.40 and a 1-year high of $283.07.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.0713 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.