Kovack Advisors Inc. Sells 230 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Kovack Advisors Inc. lowered its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,521 shares of the company’s stock after selling 230 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in shares of VanEck Semiconductor ETF by 7.2% during the third quarter. FMR LLC now owns 19,264 shares of the company’s stock worth $4,728,000 after acquiring an additional 1,297 shares in the last quarter. Savant Capital LLC bought a new stake in VanEck Semiconductor ETF during the 4th quarter worth approximately $403,000. JPMorgan Chase & Co. raised 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 purchasing an additional 424,042 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $418,000. Finally, GAMMA Investing LLC lifted its holdings in shares of VanEck Semiconductor ETF by 180.0% in the fourth quarter. GAMMA Investing LLC now owns 350 shares of the company’s stock valued at $85,000 after purchasing an additional 225 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 1.7 %

Shares of VanEck Semiconductor ETF stock opened at $232.65 on Friday. The company has a market capitalization of $22.03 billion, a P/E ratio of 18.82 and a beta of 1.35. The stock has a fifty day simple moving average of $248.99 and a 200 day simple moving average of $246.01. VanEck Semiconductor ETF has a 12-month low of $198.44 and a 12-month high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 23rd.

VanEck Semiconductor ETF Company 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.