Petredis Investment Advisors LLC Increases Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Petredis Investment Advisors LLC lifted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 31.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,031 shares of the company’s stock after acquiring an additional 9,386 shares during the quarter. VanEck Semiconductor ETF accounts for about 1.0% of Petredis Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Petredis Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $9,452,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SMH. Nvwm LLC raised its position in shares of VanEck Semiconductor ETF by 2.2% during the 3rd quarter. Nvwm LLC now owns 1,867 shares of the company’s stock valued at $458,000 after buying an additional 41 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in shares of VanEck Semiconductor ETF by 4.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,011 shares of the company’s stock valued at $248,000 after purchasing an additional 42 shares during the last quarter. Allworth Financial LP grew its holdings in shares of VanEck Semiconductor ETF by 5.1% during the 3rd quarter. Allworth Financial LP now owns 892 shares of the company’s stock valued at $219,000 after purchasing an additional 43 shares during the last quarter. Clarity Capital Partners LLC grew its holdings in shares of VanEck Semiconductor ETF by 2.8% during the 3rd quarter. Clarity Capital Partners LLC now owns 1,590 shares of the company’s stock valued at $390,000 after purchasing an additional 44 shares during the last quarter. Finally, Smith Anglin Financial LLC grew its holdings in shares of VanEck Semiconductor ETF by 1.3% during the 4th quarter. Smith Anglin Financial LLC now owns 3,545 shares of the company’s stock valued at $859,000 after purchasing an additional 45 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

SMH stock opened at $261.53 on Friday. VanEck Semiconductor ETF has a 52 week low of $184.15 and a 52 week high of $283.07. The firm’s fifty day moving average is $248.18 and its 200 day moving average is $245.98. The firm has a market cap of $24.80 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a dividend of $1.0713 per share. 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.