Money Concepts Capital Corp Grows Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Money Concepts Capital Corp raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,970 shares of the company’s stock after purchasing an additional 695 shares during the period. Money Concepts Capital Corp’s holdings in VanEck Semiconductor ETF were worth $2,899,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Mendota Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF in the third quarter worth approximately $25,000. Hartford Financial Management Inc. increased its stake in VanEck Semiconductor ETF by 61.9% in the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 39 shares during the period. Mather Group LLC. lifted its position in shares of VanEck Semiconductor ETF by 320.0% during the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF during the third quarter valued at $28,000. Finally, Darwin Wealth Management LLC bought a new position in shares of VanEck Semiconductor ETF in the third quarter worth about $29,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $241.47 on Wednesday. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $190.12 and a 1-year high of $283.07. The company has a 50-day moving average of $248.23 and a 200 day moving average of $244.27.

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 $1.0713 dividend. 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.