Lowe Wealth Advisors LLC Trims Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Lowe Wealth Advisors LLC cut its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,949 shares of the company’s stock after selling 565 shares during the period. Lowe Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mendota Financial Group LLC purchased a new position in VanEck Semiconductor ETF in the third quarter valued at about $25,000. Financial Management Professionals Inc. purchased a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $28,000. Darwin Wealth Management LLC bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $29,000. Pathway Financial Advisers LLC lifted its position in VanEck Semiconductor ETF by 194.2% during the third quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock valued at $38,000 after acquiring an additional 101 shares during the last quarter. Finally, PSI Advisors LLC acquired a new stake in VanEck Semiconductor ETF in the third quarter valued at approximately $39,000.

VanEck Semiconductor ETF Trading Down 2.0 %

Shares of SMH stock traded down $5.05 during trading hours on Friday, reaching $247.18. 6,872,309 shares of the company’s stock were exchanged, compared to its average volume of 6,569,056. VanEck Semiconductor ETF has a fifty-two week low of $170.19 and a fifty-two week high of $283.07. The stock’s 50 day moving average is $247.38 and its 200-day moving average is $246.52. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Announces Dividend

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