Synergy Asset Management LLC Makes New $45,000 Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Synergy Asset Management LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 182 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of VanEck Semiconductor ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock valued at $427,901,000 after acquiring an additional 113,705 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 during the period. 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 in the last quarter. Meitav Investment House Ltd. lifted its stake in VanEck Semiconductor ETF by 56.9% during the third quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock valued at $147,260,000 after buying an additional 217,702 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of VanEck Semiconductor ETF by 144.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after buying an additional 202,744 shares during the period.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $243.62 on Friday. The firm has a market capitalization of $24.12 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 52-week low of $184.15 and a 52-week high of $283.07. The company’s 50 day simple moving average is $248.35 and its 200-day simple moving average is $244.91.

VanEck Semiconductor ETF Dividend Announcement

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

VanEck Semiconductor ETF Company 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.