JPMorgan Chase & Co. Sells 247,642 Shares of VanEck Semiconductor ETF $SMH

JPMorgan Chase & Co. lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 17.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,210,753 shares of the company’s stock after selling 247,642 shares during the quarter. JPMorgan Chase & Co.’s holdings in VanEck Semiconductor ETF were worth $395,142,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Realta Investment Advisors grew its position in shares of 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 in the last quarter. Sound Income Strategies LLC boosted its stake in VanEck Semiconductor ETF by 175.8% in the 3rd quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $31,000 after purchasing an additional 58 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter valued at approximately $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $28,000. Finally, CX Institutional raised its position in shares of VanEck Semiconductor ETF by 288.5% during the third quarter. CX Institutional now owns 101 shares of the company’s stock valued at $33,000 after buying an additional 75 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $412.55 on Thursday. The firm has a market cap of $45.09 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The firm has a fifty day moving average price of $385.48 and a 200 day moving average price of $347.55. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $420.60.

VanEck Semiconductor ETF Dividend Announcement

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

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.