Bright Futures Wealth Management LLC. Makes New $1.93 Million Investment in VanEck Semiconductor ETF $SMH

Bright Futures Wealth Management LLC. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,927 shares of the company’s stock, valued at approximately $1,934,000. VanEck Semiconductor ETF comprises 1.5% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in VanEck Semiconductor ETF by 4.8% in the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock valued at $504,000 after acquiring an additional 109 shares during the last quarter. Empowered Funds LLC increased its stake in VanEck Semiconductor ETF by 32.5% during the first quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after acquiring an additional 2,890 shares during the last quarter. Assetmark Inc. lifted its stake in shares of VanEck Semiconductor ETF by 24.2% in the 2nd quarter. Assetmark Inc. now owns 21,780 shares of the company’s stock valued at $6,074,000 after purchasing an additional 4,238 shares during the last quarter. Savvy Advisors Inc. acquired a new position in shares of VanEck Semiconductor ETF in the 2nd quarter valued at $432,000. Finally, IFG Advisory LLC grew its holdings in shares of VanEck Semiconductor ETF by 17.9% during the 2nd quarter. IFG Advisory LLC now owns 3,389 shares of the company’s stock worth $945,000 after purchasing an additional 514 shares during the period.

VanEck Semiconductor ETF Trading Down 1.4%

Shares of SMH opened at $406.37 on Monday. The company’s 50-day moving average price is $394.07 and its 200 day moving average price is $353.93. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $427.94. The firm has a market cap of $44.41 billion, a P/E ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $1.1047 dividend. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.