Fifth Third Securities Inc. Raises Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Fifth Third Securities Inc. raised its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 13.7% in the fourth quarter, HoldingsChannel reports. The firm owned 46,874 shares of the company’s stock after buying an additional 5,634 shares during the quarter. VanEck Semiconductor ETF makes up 1.0% of Fifth Third Securities Inc.’s investment portfolio, making the stock its 24th biggest position. Fifth Third Securities Inc.’s holdings in VanEck Semiconductor ETF were worth $11,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mendota Financial Group LLC purchased a new position in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $25,000. Financial Management Professionals Inc. purchased a new position in shares of VanEck Semiconductor ETF in the third quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter worth about $29,000. Pathway Financial Advisers LLC increased its stake in VanEck Semiconductor ETF by 194.2% during the third quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock worth $38,000 after acquiring an additional 101 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of VanEck Semiconductor ETF by 80.2% during the fourth quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $38,000 after buying an additional 69 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 2.4 %

VanEck Semiconductor ETF stock opened at $245.17 on Friday. VanEck Semiconductor ETF has a twelve month low of $184.15 and a twelve month high of $283.07. The business has a fifty day moving average of $248.37 and a two-hundred day moving average of $244.91. The firm has a market cap of $24.27 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

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

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.