C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases 2,221 Shares of VanEck Semiconductor ETF $SMH

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 80.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,981 shares of the company’s stock after acquiring an additional 2,221 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in VanEck Semiconductor ETF were worth $1,626,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust acquired a new stake in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth $25,000. Sound Income Strategies LLC boosted its stake in VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. UMB Bank n.a. bought a new position in VanEck Semiconductor ETF in the second quarter valued at about $28,000. Finally, Hilltop National Bank bought a new position in VanEck Semiconductor ETF in the second quarter valued at about $28,000.

VanEck Semiconductor ETF Trading Up 3.7%

SMH stock opened at $373.30 on Friday. The firm has a 50-day moving average price of $355.34 and a 200-day moving average price of $320.64. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $376.34. The stock has a market capitalization of $38.69 billion, a P/E ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors 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%.

About VanEck Semiconductor ETF

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.