Howard Financial Services LTD. Acquires Shares of 1,224 VanEck Semiconductor ETF (NASDAQ:SMH)

Howard Financial Services LTD. bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, Holdings Channel reports. The fund bought 1,224 shares of the company’s stock, valued at approximately $297,000.

A number of other hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors raised its holdings in shares of VanEck Semiconductor ETF by 27.8% during the 4th quarter. Arkadios Wealth Advisors now owns 6,698 shares of the company’s stock worth $1,622,000 after acquiring an additional 1,458 shares in the last quarter. Merit Financial Group LLC raised its stake in VanEck Semiconductor ETF by 195.0% during the fourth quarter. Merit Financial Group LLC now owns 46,811 shares of the company’s stock valued at $11,336,000 after purchasing an additional 30,945 shares in the last quarter. StoneCrest Wealth Management Inc. lifted its position in VanEck Semiconductor ETF by 4.1% during the fourth quarter. StoneCrest Wealth Management Inc. now owns 23,059 shares of the company’s stock valued at $5,584,000 after purchasing an additional 898 shares during the last quarter. Carnegie Investment Counsel grew its stake in shares of VanEck Semiconductor ETF by 15.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,600 shares of the company’s stock worth $630,000 after buying an additional 357 shares in the last quarter. Finally, Mason & Associates Inc grew its stake in shares of VanEck Semiconductor ETF by 15.3% in the 4th quarter. Mason & Associates Inc now owns 54,849 shares of the company’s stock worth $13,283,000 after buying an additional 7,275 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 2.4 %

Shares of NASDAQ SMH opened at $258.25 on Friday. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 12-month low of $177.40 and a 12-month high of $283.07. The firm’s 50-day moving average price is $247.11 and its 200-day moving average price is $246.10.

VanEck Semiconductor ETF Dividend Announcement

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