Sovran Advisors LLC Acquires Shares of 1,994 VanEck Semiconductor ETF (NASDAQ:SMH)

Sovran Advisors LLC bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,994 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMH. Hartford Financial Management Inc. grew its holdings in VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after buying an additional 39 shares in the last quarter. Mather Group LLC. boosted its position in shares of VanEck Semiconductor ETF by 320.0% during the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of VanEck Semiconductor ETF in the third quarter valued at $28,000. Darwin Wealth Management LLC bought a new stake in VanEck Semiconductor ETF in the third quarter worth $29,000. Finally, Pathway Financial Advisers LLC raised its stake 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 purchasing an additional 101 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 0.5 %

SMH stock opened at $248.51 on Thursday. The company has a fifty day simple moving average of $248.73 and a two-hundred day simple moving average of $244.33. VanEck Semiconductor ETF has a 52 week low of $193.72 and a 52 week high of $283.07. The firm has a market capitalization of $23.53 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

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