Geneos Wealth Management Inc. Sells 3,460 Shares of VanEck Semiconductor ETF $SMH

Geneos Wealth Management Inc. trimmed its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 55.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,786 shares of the company’s stock after selling 3,460 shares during the quarter. Geneos Wealth Management Inc.’s holdings in VanEck Semiconductor ETF were worth $909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of VanEck Semiconductor ETF by 13.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after acquiring an additional 400 shares during the period. Farther Finance Advisors LLC lifted its stake in VanEck Semiconductor ETF by 136.2% in the third quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after purchasing an additional 6,026 shares during the last quarter. AE Wealth Management LLC grew its holdings in VanEck Semiconductor ETF by 168.8% during the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock valued at $13,807,000 after purchasing an additional 31,089 shares during the period. Advyzon Investment Management LLC purchased a new stake in VanEck Semiconductor ETF in the second quarter worth $2,745,000. Finally, Carter Financial Group INC. purchased a new stake in VanEck Semiconductor ETF in the second quarter worth $1,072,000.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $389.48 on Friday. The stock has a market capitalization of $41.36 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $390.88. The business’s fifty day moving average price is $357.34 and its 200-day moving average price is $324.46.

VanEck Semiconductor ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $1.1047 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 31.0%.

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.