VanEck Semiconductor ETF $SMH Shares Sold by ARS Investment Partners LLC

ARS Investment Partners LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,284 shares of the company’s stock after selling 2,650 shares during the period. ARS Investment Partners LLC’s holdings in VanEck Semiconductor ETF were worth $4,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of VanEck Semiconductor ETF by 13.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after buying an additional 400 shares during the period. AE Wealth Management LLC raised its holdings in VanEck Semiconductor ETF by 168.8% in the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock valued at $13,807,000 after acquiring an additional 31,089 shares in the last quarter. Advyzon Investment Management LLC purchased a new position in VanEck Semiconductor ETF in the second quarter worth approximately $2,745,000. Carter Financial Group INC. acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $1,072,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in VanEck Semiconductor ETF during the 2nd quarter worth approximately $4,452,000.

VanEck Semiconductor ETF Trading Up 0.3%

Shares of SMH opened at $364.12 on Thursday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $375.59. The firm’s fifty day simple moving average is $352.58 and its 200-day simple moving average is $315.57. The firm has a market capitalization of $36.55 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be paid a $1.1047 dividend. The ex-dividend date is Monday, December 22nd. This represents a yield of 31.0%.

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.