Avalon Capital Management Grows Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Avalon Capital Management boosted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 46.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,957 shares of the company’s stock after acquiring an additional 10,155 shares during the period. VanEck Semiconductor ETF comprises 2.5% of Avalon Capital Management’s holdings, making the stock its 8th biggest position. Avalon Capital Management’s holdings in VanEck Semiconductor ETF were worth $7,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of VanEck Semiconductor ETF by 7.2% in the 3rd quarter. FMR LLC now owns 19,264 shares of the company’s stock valued at $4,728,000 after purchasing an additional 1,297 shares in the last quarter. Savant Capital LLC bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth $403,000. JPMorgan Chase & Co. increased its holdings in VanEck Semiconductor ETF by 48.2% in the third 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. Allspring Global Investments Holdings LLC bought a new position in VanEck Semiconductor ETF during the 3rd quarter worth $418,000. Finally, GAMMA Investing LLC grew its position in shares of VanEck Semiconductor ETF by 180.0% in the 4th quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock valued at $85,000 after buying an additional 225 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock opened at $243.42 on Tuesday. VanEck Semiconductor ETF has a one year low of $198.44 and a one year high of $283.07. The business’s 50 day simple moving average is $249.59 and its 200 day simple moving average is $246.02. The stock has a market capitalization of $23.05 billion, a PE ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were paid a dividend of $1.0713 per share. The ex-dividend date was Monday, December 23rd.

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.