ProVise Management Group LLC Lowers Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

ProVise Management Group LLC lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 74.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,532 shares of the company’s stock after selling 4,563 shares during the quarter. ProVise Management Group LLC’s holdings in VanEck Semiconductor ETF were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of VanEck Semiconductor ETF during the 4th quarter valued at approximately $144,385,000. JPMorgan Chase & Co. lifted its position in shares of VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after acquiring an additional 424,042 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of VanEck Semiconductor ETF by 36.7% during the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after acquiring an additional 253,300 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of VanEck Semiconductor ETF by 144.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after purchasing an additional 202,744 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of VanEck Semiconductor ETF by 69.4% during the 3rd quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock worth $81,462,000 after purchasing an additional 134,760 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $227.41 on Thursday. VanEck Semiconductor ETF has a 1 year low of $198.44 and a 1 year high of $283.07. The company has a market capitalization of $21.53 billion, a P/E ratio of 31.46 and a beta of 1.35. The business has a 50 day moving average price of $242.12 and a 200 day moving average price of $244.12.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were given a dividend of $1.0713 per share. 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.