Patten & Patten Inc. TN Buys New Position in VanEck Semiconductor ETF $SMH

Patten & Patten Inc. TN bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,537 shares of the company’s stock, valued at approximately $828,000.

A number of other hedge funds have also added to or reduced their stakes in SMH. Klingman & Associates LLC boosted its holdings in shares of VanEck Semiconductor ETF by 2.7% during the 3rd quarter. Klingman & Associates LLC now owns 1,100 shares of the company’s stock worth $359,000 after buying an additional 29 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of VanEck Semiconductor ETF by 0.8% during the 3rd quarter. Global Financial Private Client LLC now owns 3,947 shares of the company’s stock valued at $1,288,000 after acquiring an additional 32 shares during the period. Abound Wealth Management lifted its position in shares of VanEck Semiconductor ETF by 4.2% during the 3rd quarter. Abound Wealth Management now owns 848 shares of the company’s stock valued at $277,000 after acquiring an additional 34 shares during the period. Hartford Financial Management Inc. boosted its stake in VanEck Semiconductor ETF by 34.3% during the third quarter. Hartford Financial Management Inc. now owns 137 shares of the company’s stock worth $45,000 after acquiring an additional 35 shares in the last quarter. Finally, Smithfield Trust Co grew its holdings in VanEck Semiconductor ETF by 16.6% in the second quarter. Smithfield Trust Co now owns 253 shares of the company’s stock worth $71,000 after purchasing an additional 36 shares during the period.

VanEck Semiconductor ETF Trading Down 0.7%

SMH opened at $400.09 on Monday. The company has a fifty day moving average price of $365.95 and a two-hundred day moving average price of $333.32. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $408.73. The company has a market cap of $42.71 billion, a P/E ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

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

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.