Independent Advisor Alliance Buys Shares of 21,891 VanEck Semiconductor ETF (NASDAQ:SMH)

Independent Advisor Alliance bought a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,891 shares of the company’s stock, valued at approximately $5,301,000.

Several other hedge funds have also recently added to or reduced their stakes in SMH. Raymond James Financial Inc. bought a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth $144,385,000. JPMorgan Chase & Co. raised its position in shares of VanEck Semiconductor ETF by 48.2% during the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after purchasing an additional 424,042 shares during the period. Main Management ETF Advisors LLC raised its position in shares of VanEck Semiconductor ETF by 36.7% during the third quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after purchasing an additional 253,300 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of VanEck Semiconductor ETF by 144.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after purchasing an additional 202,744 shares during the period. Finally, Bank of Montreal Can raised its position in shares of VanEck Semiconductor ETF by 69.4% during the third quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock worth $81,462,000 after purchasing an additional 134,760 shares during the period.

VanEck Semiconductor ETF Stock Down 0.1 %

Shares of VanEck Semiconductor ETF stock opened at $214.22 on Wednesday. The stock’s fifty day moving average is $245.25 and its 200-day moving average is $244.86. The firm has a market capitalization of $20.28 billion, a PE ratio of 33.13 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $198.44 and a 12-month high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were issued a dividend of $1.0713 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.