Phoenix Financial Ltd. Lowers Stock Position in VanEck Semiconductor ETF $SMH

Phoenix Financial Ltd. reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 73.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,704 shares of the company’s stock after selling 100,097 shares during the period. Phoenix Financial Ltd.’s holdings in VanEck Semiconductor ETF were worth $11,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at about $25,000. Realta Investment Advisors grew its holdings in shares of VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $28,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in VanEck Semiconductor ETF by 61.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock worth $31,000 after acquiring an additional 44 shares during the period.

VanEck Semiconductor ETF Trading Down 0.3%

SMH stock opened at $398.82 on Tuesday. The stock has a market cap of $42.57 billion, a P/E ratio of 34.83 and a beta of 1.52. The stock’s fifty day simple moving average is $367.12 and its two-hundred day simple moving average is $334.10. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $408.73.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $1.1047 dividend. This represents a dividend 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.