IFP Advisors Inc Purchases 22,339 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

IFP Advisors Inc lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 77.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,358 shares of the company’s stock after acquiring an additional 22,339 shares during the quarter. IFP Advisors Inc owned 0.05% of VanEck Semiconductor ETF worth $12,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its holdings in VanEck Semiconductor ETF by 7.2% in the third quarter. FMR LLC now owns 19,264 shares of the company’s stock worth $4,728,000 after purchasing an additional 1,297 shares in the last quarter. Savant Capital LLC acquired a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at about $403,000. JPMorgan Chase & Co. increased its holdings in shares of VanEck Semiconductor ETF by 48.2% during the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after acquiring an additional 424,042 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter valued at about $418,000. Finally, GAMMA Investing LLC increased its holdings in shares of VanEck Semiconductor ETF by 180.0% during the fourth quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock valued at $85,000 after acquiring an additional 225 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 3.0 %

SMH opened at $249.96 on Monday. VanEck Semiconductor ETF has a 52-week low of $198.44 and a 52-week high of $283.07. The company has a market cap of $23.67 billion, a P/E ratio of 18.82 and a beta of 1.35. The firm’s 50-day moving average price is $249.79 and its 200-day moving average price is $245.89.

VanEck Semiconductor ETF Announces Dividend

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