VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Horizon Wealth Management LLC

Horizon Wealth Management LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 12.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 64,155 shares of the company’s stock after selling 8,969 shares during the period. VanEck Semiconductor ETF accounts for about 2.7% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Horizon Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $15,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of VanEck Semiconductor ETF by 7.0% during the third quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock worth $427,901,000 after acquiring an additional 113,705 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in VanEck Semiconductor ETF by 46.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock valued at $423,377,000 after purchasing an additional 514,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in VanEck Semiconductor ETF by 48.2% in 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 in the last quarter. Main Management ETF Advisors LLC boosted its stake in shares of 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 valued at $231,415,000 after buying an additional 253,300 shares during the period. Finally, Meitav Investment House Ltd. grew its position in shares of VanEck Semiconductor ETF by 56.9% during the third quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock worth $147,260,000 after buying an additional 217,702 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 1.0 %

NASDAQ:SMH traded down $2.54 during mid-day trading on Monday, hitting $244.64. The stock had a trading volume of 5,989,305 shares, compared to its average volume of 6,533,354. VanEck Semiconductor ETF has a twelve month low of $171.49 and a twelve month high of $283.07. The company has a market capitalization of $23.80 billion, a PE ratio of 18.82 and a beta of 1.35. The stock has a 50-day simple moving average of $247.43 and a two-hundred day simple moving average of $246.25.

VanEck Semiconductor ETF Announces Dividend

The company also recently disclosed 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.