Janney Montgomery Scott LLC Lowers Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Janney Montgomery Scott LLC cut its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 9.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,415 shares of the company’s stock after selling 6,981 shares during the quarter. Janney Montgomery Scott LLC’s holdings in VanEck Semiconductor ETF were worth $16,326,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Mendota Financial Group LLC purchased a new stake in VanEck Semiconductor ETF in the third quarter worth about $25,000. Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $28,000. Darwin Wealth Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $29,000. Pathway Financial Advisers LLC increased its position in VanEck Semiconductor ETF by 194.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock valued at $38,000 after buying an additional 101 shares in the last quarter. Finally, PSI Advisors LLC purchased a new position in VanEck Semiconductor ETF during the third quarter valued at $39,000.

VanEck Semiconductor ETF Trading Down 2.0 %

NASDAQ SMH opened at $261.53 on Friday. VanEck Semiconductor ETF has a 12 month low of $184.15 and a 12 month high of $283.07. The stock’s fifty day moving average price is $248.62 and its 200-day moving average price is $245.89. The stock has a market cap of $25.17 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a dividend of $1.0713 per share. The ex-dividend date 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.