HB Wealth Management LLC Has $2.41 Million Position in VanEck Semiconductor ETF (NASDAQ:SMH)

HB Wealth Management LLC reduced its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,925 shares of the company’s stock after selling 190 shares during the period. HB Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $2,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMH. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of VanEck Semiconductor ETF by 46.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after buying an additional 514,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in VanEck Semiconductor ETF by 48.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after purchasing an additional 424,042 shares during the period. Main Management ETF Advisors LLC boosted its holdings in VanEck Semiconductor ETF by 36.7% in the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after purchasing an additional 253,300 shares during the period. Meitav Investment House Ltd. boosted its holdings in VanEck Semiconductor ETF by 56.9% in the 3rd quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock valued at $147,260,000 after purchasing an additional 217,702 shares during the period. Finally, Bank of Montreal Can boosted its holdings in VanEck Semiconductor ETF by 69.4% in the 3rd quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock valued at $81,462,000 after purchasing an additional 134,760 shares during the period.

VanEck Semiconductor ETF Stock Up 2.4 %

NASDAQ SMH opened at $258.25 on Monday. The company has a market capitalization of $24.36 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $177.40 and a 12-month high of $283.07. The firm has a 50-day moving average price of $247.11 and a two-hundred day moving average price of $245.98.

VanEck Semiconductor ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were given a $1.0713 dividend. The ex-dividend date was Monday, December 23rd.

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.