Kovack Advisors Inc. Trims Position in VanEck Semiconductor ETF $SMH

Kovack Advisors Inc. lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 55.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,026 shares of the company’s stock after selling 2,567 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Realta Investment Advisors raised its stake in VanEck Semiconductor ETF by 84.4% during the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $28,000. Sound Income Strategies LLC increased its holdings in shares of VanEck Semiconductor ETF by 175.8% during the 3rd quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $31,000 after buying an additional 58 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $31,000. Finally, CX Institutional raised its position in shares of VanEck Semiconductor ETF by 288.5% during the 3rd quarter. CX Institutional now owns 101 shares of the company’s stock valued at $33,000 after buying an additional 75 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $415.03 on Friday. The firm has a market capitalization of $45.36 billion, a price-to-earnings 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 $420.60. The stock has a 50 day moving average of $387.49 and a 200 day moving average of $349.28.

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 paid a $1.1047 dividend. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.