Concentrum Wealth Management Has $9.50 Million Position in VanEck Semiconductor ETF $SMH

Concentrum Wealth Management boosted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,121 shares of the company’s stock after buying an additional 2,179 shares during the quarter. VanEck Semiconductor ETF makes up about 3.7% of Concentrum Wealth Management’s holdings, making the stock its 7th largest position. Concentrum Wealth Management’s holdings in VanEck Semiconductor ETF were worth $9,504,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Alpha Cubed Investments LLC grew its stake in shares of VanEck Semiconductor ETF by 2.5% during the 3rd quarter. Alpha Cubed Investments LLC now owns 1,170 shares of the company’s stock worth $382,000 after acquiring an additional 28 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in VanEck Semiconductor ETF by 24.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 144 shares of the company’s stock valued at $46,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC lifted its holdings in VanEck Semiconductor ETF by 2.7% during the third quarter. Klingman & Associates LLC now owns 1,100 shares of the company’s stock valued at $359,000 after purchasing an additional 29 shares during the last quarter. Global Financial Private Client LLC boosted its position in VanEck Semiconductor ETF by 0.8% during the third quarter. Global Financial Private Client LLC now owns 3,947 shares of the company’s stock worth $1,288,000 after purchasing an additional 32 shares during the period. Finally, Abound Wealth Management increased its stake in shares of VanEck Semiconductor ETF by 4.2% in the third quarter. Abound Wealth Management now owns 848 shares of the company’s stock worth $277,000 after purchasing an additional 34 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 1.2%

Shares of SMH stock opened at $415.03 on Monday. The stock has a market capitalization of $45.36 billion, a P/E ratio of 34.83 and a beta of 1.52. The firm’s 50 day moving average is $387.49 and its 200 day moving average is $349.72. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $420.60.

VanEck Semiconductor ETF Announces Dividend

The firm also recently announced 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 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.