SVB Wealth LLC Acquires Shares of 2,927 VanEck Semiconductor ETF $SMH

SVB Wealth LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,927 shares of the company’s stock, valued at approximately $955,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMH. Wealth Enhancement Advisory Services LLC lifted its holdings in VanEck Semiconductor ETF by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after purchasing an additional 1,666 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in VanEck Semiconductor ETF by 13.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after buying an additional 400 shares in the last quarter. Element Wealth LLC acquired a new stake in VanEck Semiconductor ETF in the 3rd quarter worth about $515,000. Farther Finance Advisors LLC increased its stake in VanEck Semiconductor ETF by 136.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock worth $3,407,000 after buying an additional 6,026 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of VanEck Semiconductor ETF by 168.8% during the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock valued at $13,807,000 after acquiring an additional 31,089 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $414.78 on Thursday. The business’s 50 day moving average price is $381.40 and its 200-day moving average price is $343.43. The firm has a market capitalization of $45.33 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $420.60.

VanEck Semiconductor ETF Dividend Announcement

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

VanEck Semiconductor ETF Company 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.