Brookstone Capital Management Has $5.29 Million Stock Position in VanEck Semiconductor ETF $SMH

Brookstone Capital Management reduced its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 27.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,204 shares of the company’s stock after selling 6,164 shares during the quarter. Brookstone Capital Management’s holdings in VanEck Semiconductor ETF were worth $5,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SMH. Comerica Bank boosted its stake in shares of VanEck Semiconductor ETF by 19.2% in the 1st quarter. Comerica Bank now owns 10,083 shares of the company’s stock valued at $2,132,000 after purchasing an additional 1,622 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of VanEck Semiconductor ETF during the first quarter worth $399,000. FRG Family Wealth Advisors LLC increased its stake in shares of VanEck Semiconductor ETF by 50.5% in the first quarter. FRG Family Wealth Advisors LLC now owns 5,108 shares of the company’s stock valued at $1,080,000 after buying an additional 1,715 shares in the last quarter. Calton & Associates Inc. increased its stake in shares of VanEck Semiconductor ETF by 371.6% in the first quarter. Calton & Associates Inc. now owns 6,787 shares of the company’s stock valued at $1,435,000 after buying an additional 5,348 shares in the last quarter. Finally, Caption Management LLC bought a new position in shares of VanEck Semiconductor ETF in the first quarter valued at about $4,018,000.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $365.86 on Friday. The firm has a market cap of $36.73 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $375.59. The firm has a 50 day simple moving average of $353.46 and a 200 day simple moving average of $316.66.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $1.1047 dividend. The ex-dividend date of this dividend was 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.