Cavalier Investments LLC Decreases Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Cavalier Investments LLC decreased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 31.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,670 shares of the company’s stock after selling 9,741 shares during the period. VanEck Semiconductor ETF makes up 1.8% of Cavalier Investments LLC’s portfolio, making the stock its 11th largest holding. Cavalier Investments LLC’s holdings in VanEck Semiconductor ETF were worth $5,248,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after purchasing an additional 424,042 shares during the last quarter. Main Management ETF Advisors LLC increased its position in shares of VanEck Semiconductor ETF by 36.7% during the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after purchasing an additional 253,300 shares during the last quarter. Meitav Investment House Ltd. increased its position in shares of VanEck Semiconductor ETF by 56.9% during the 3rd quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock valued at $147,260,000 after purchasing an additional 217,702 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 last quarter. Finally, Bank of Montreal Can increased its position in shares of VanEck Semiconductor ETF by 69.4% during 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 during the last quarter.

VanEck Semiconductor ETF Stock Down 2.1 %

NASDAQ SMH opened at $238.25 on Wednesday. VanEck Semiconductor ETF has a 52 week low of $198.44 and a 52 week high of $283.07. The firm has a market capitalization of $22.56 billion, a P/E ratio of 18.82 and a beta of 1.35. The company has a 50-day moving average price of $249.36 and a 200-day moving average price of $246.11.

VanEck Semiconductor ETF Announces Dividend

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 of this dividend 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.