Kwmg LLC Decreases Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Kwmg LLC cut its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,427 shares of the company’s stock after selling 1,352 shares during the period. Kwmg LLC’s holdings in VanEck Semiconductor ETF were worth $7,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC increased its holdings in VanEck Semiconductor ETF by 7.2% during the 3rd quarter. FMR LLC now owns 19,264 shares of the company’s stock worth $4,728,000 after purchasing an additional 1,297 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of VanEck Semiconductor ETF by 48.2% in the third 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 during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in VanEck Semiconductor ETF in the third quarter valued at $418,000. CWM LLC boosted its stake in VanEck Semiconductor ETF by 8.9% during the 3rd quarter. CWM LLC now owns 7,790 shares of the company’s stock valued at $1,912,000 after acquiring an additional 634 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in VanEck Semiconductor ETF by 21.9% in the third quarter. Sequoia Financial Advisors LLC now owns 3,027 shares of the company’s stock worth $743,000 after purchasing an additional 544 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of SMH stock traded down $2.74 on Monday, hitting $244.44. 5,546,481 shares of the stock traded hands, compared to its average volume of 6,433,649. The company’s fifty day moving average is $247.43 and its 200 day moving average is $246.25. VanEck Semiconductor ETF has a 1-year low of $171.49 and a 1-year high of $283.07. The company has a market capitalization of $23.78 billion, a PE ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders 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.

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.