Hilltop Holdings Inc. Grows Stake in VanEck Semiconductor ETF $SMH

Hilltop Holdings Inc. grew its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 32.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,683 shares of the company’s stock after purchasing an additional 1,897 shares during the quarter. Hilltop Holdings Inc.’s holdings in VanEck Semiconductor ETF were worth $2,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after buying an additional 703,799 shares in the last quarter. Bank of Nova Scotia lifted its position in VanEck Semiconductor ETF by 24,986.6% during the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after acquiring an additional 752,097 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in VanEck Semiconductor ETF by 0.4% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock worth $187,983,000 after acquiring an additional 2,500 shares during the period. Meitav Investment House Ltd. boosted its holdings in VanEck Semiconductor ETF by 17.0% in the 3rd quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock worth $181,266,000 after acquiring an additional 80,957 shares during the period. Finally, Raymond James Financial Inc. grew its position in VanEck Semiconductor ETF by 8.3% in the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after acquiring an additional 40,831 shares in the last quarter.

VanEck Semiconductor ETF Stock Up 1.7%

SMH opened at $393.92 on Tuesday. The firm has a market capitalization of $43.05 billion, a P/E ratio of 34.83 and a beta of 1.52. The firm’s 50 day moving average is $400.45 and its 200-day moving average is $361.62. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $427.94.

VanEck Semiconductor ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $1.1047 per share. This represents a yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

About VanEck Semiconductor ETF

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.