Zhang Financial LLC Increases Stock Position in VanEck Semiconductor ETF $SMH

Zhang Financial LLC increased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 89.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,712 shares of the company’s stock after acquiring an additional 1,281 shares during the quarter. Zhang Financial LLC’s holdings in VanEck Semiconductor ETF were worth $885,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SMH. JPMorgan Chase & Co. raised its holdings 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 during the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of VanEck Semiconductor ETF by 15.5% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 573,500 shares of the company’s stock valued at $159,938,000 after purchasing an additional 77,000 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of VanEck Semiconductor ETF by 17.0% in the third quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock valued at $181,266,000 after purchasing an additional 80,957 shares during the period. Raymond James Financial Inc. raised its stake in shares of VanEck Semiconductor ETF by 8.3% during the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after purchasing an additional 40,831 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VanEck Semiconductor ETF by 8.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock worth $135,326,000 after purchasing an additional 37,955 shares during the period.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $426.16 on Thursday. The firm has a market cap of $46.58 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The firm’s fifty day moving average price is $391.77 and its 200 day moving average price is $351.99. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $427.94.

VanEck Semiconductor ETF Announces Dividend

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

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.