VanEck Semiconductor ETF (NASDAQ:SMH) Position Increased by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. increased its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,212 shares of the company’s stock after purchasing an additional 322 shares during the period. Endowment Wealth Management Inc.’s holdings in VanEck Semiconductor ETF were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SMH. LPL Financial LLC increased its position in shares of VanEck Semiconductor ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock valued at $427,901,000 after purchasing an additional 113,705 shares during the period. JPMorgan Chase & Co. increased its position in shares of VanEck Semiconductor ETF by 48.2% during 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 increased its position in shares of VanEck Semiconductor ETF by 36.7% during 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. increased its position in shares of VanEck Semiconductor ETF by 4.1% during the 4th quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after purchasing an additional 24,516 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of VanEck Semiconductor ETF during the 4th quarter valued at $144,385,000.

VanEck Semiconductor ETF Stock Down 4.7 %

Shares of NASDAQ SMH opened at $214.53 on Tuesday. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 33.13 and a beta of 1.35. The stock’s fifty day simple moving average is $245.81 and its 200 day simple moving average is $245.10. VanEck Semiconductor ETF has a 52-week low of $198.44 and a 52-week high of $283.07.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders 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.