Bleakley Financial Group LLC Increases Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Bleakley Financial Group LLC grew its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,894 shares of the company’s stock after buying an additional 555 shares during the period. Bleakley Financial Group LLC’s holdings in VanEck Semiconductor ETF were worth $1,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMH. AQR Capital Management LLC acquired a new stake in VanEck Semiconductor ETF during the second quarter worth about $488,000. CWM LLC raised its position in VanEck Semiconductor ETF by 8.9% in the third quarter. CWM LLC now owns 7,790 shares of the company’s stock valued at $1,912,000 after purchasing an additional 634 shares during the period. WealthBridge Investment Counsel Inc. purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth $820,000. Castle Rock Wealth Management LLC boosted its stake in VanEck Semiconductor ETF by 104.4% during the third quarter. Castle Rock Wealth Management LLC now owns 13,637 shares of the company’s stock worth $3,392,000 after buying an additional 6,965 shares during the period. Finally, TAP Consulting LLC raised its position in VanEck Semiconductor ETF by 5.7% in the third quarter. TAP Consulting LLC now owns 1,388 shares of the company’s stock valued at $341,000 after purchasing an additional 75 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of SMH opened at $245.00 on Friday. The stock has a market capitalization of $23.20 billion, a PE ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 1 year low of $193.72 and a 1 year high of $283.07. The company’s 50-day simple moving average is $248.61 and its 200-day simple moving average is $244.32.

VanEck Semiconductor ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were paid a $1.0713 dividend. 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.