Princeton Global Asset Management LLC Acquires New Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Princeton Global Asset Management LLC purchased a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 235 shares of the company’s stock, valued at approximately $57,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after buying an additional 424,042 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings 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 purchasing an additional 253,300 shares in the last quarter. Meitav Investment House Ltd. grew its position in shares of VanEck Semiconductor ETF by 56.9% in the 3rd 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of VanEck Semiconductor ETF by 144.3% in 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 buying an additional 202,744 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of VanEck Semiconductor ETF by 69.4% in the 3rd quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock valued at $81,462,000 after buying an additional 134,760 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of VanEck Semiconductor ETF stock opened at $238.78 on Tuesday. The company has a market capitalization of $22.61 billion, a P/E ratio of 18.82 and a beta of 1.35. The company’s fifty day moving average is $248.33 and its two-hundred day moving average is $244.43. VanEck Semiconductor ETF has a 1 year low of $190.12 and a 1 year high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were issued a $1.0713 dividend. The ex-dividend date of this dividend 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.