Institute for Wealth Management LLC. Sells 136 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Institute for Wealth Management LLC. reduced its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 18,323 shares of the company’s stock after selling 136 shares during the period. Institute for Wealth Management LLC.’s holdings in VanEck Semiconductor ETF were worth $4,437,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after purchasing an additional 424,042 shares during the period. Main Management ETF Advisors LLC lifted its stake in VanEck Semiconductor ETF by 36.7% in the third quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after acquiring an additional 253,300 shares during the period. Meitav Investment House Ltd. grew its holdings in VanEck Semiconductor ETF by 56.9% during the 3rd quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock worth $147,260,000 after acquiring an additional 217,702 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in VanEck Semiconductor ETF by 144.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock valued at $83,114,000 after purchasing an additional 202,744 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of VanEck Semiconductor ETF by 69.4% in the 3rd quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock valued at $81,462,000 after purchasing an additional 134,760 shares in 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 declared 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 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.