Financial Partners Group Inc Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Financial Partners Group Inc purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,524 shares of the company’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of VanEck Semiconductor ETF by 48.2% during the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after buying an additional 424,042 shares during the last quarter. Main Management ETF Advisors LLC increased its stake in VanEck Semiconductor ETF by 36.7% in the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after purchasing an additional 253,300 shares during the period. Meitav Investment House Ltd. lifted its position in VanEck Semiconductor ETF by 56.9% in the third 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. boosted its stake in shares of VanEck Semiconductor ETF by 144.3% during the fourth 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 grew its holdings in shares of VanEck Semiconductor ETF by 69.4% in the third quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock worth $81,462,000 after purchasing an additional 134,760 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 0.6 %

Shares of NASDAQ SMH opened at $243.62 on Monday. The firm’s fifty day moving average is $248.33 and its 200 day moving average is $244.43. VanEck Semiconductor ETF has a 52 week low of $184.15 and a 52 week high of $283.07. The company has a market cap of $24.12 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Announces Dividend

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

About VanEck Semiconductor ETF

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.