VanEck Semiconductor ETF (NASDAQ:SMH) Position Reduced by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,094 shares of the company’s stock after selling 933 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $507,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SMH. Raymond James Financial Inc. bought a new stake in shares of VanEck Semiconductor ETF in the 4th quarter worth approximately $144,385,000. JPMorgan Chase & Co. increased its holdings in shares of VanEck Semiconductor ETF by 48.2% in 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 in the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of 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 valued at $231,415,000 after buying an additional 253,300 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted 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 acquiring an additional 202,744 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake 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 worth $81,462,000 after acquiring an additional 134,760 shares in the last quarter.

VanEck Semiconductor ETF Stock Up 1.1 %

Shares of VanEck Semiconductor ETF stock opened at $228.96 on Tuesday. VanEck Semiconductor ETF has a 12-month low of $198.44 and a 12-month high of $283.07. The firm has a market capitalization of $21.68 billion, a PE ratio of 33.13 and a beta of 1.35. The stock’s fifty day moving average is $243.18 and its 200-day moving average is $244.37.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued 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.