Apexium Financial LP Increases Stake in VanEck Semiconductor ETF $SMH

Apexium Financial LP boosted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,420 shares of the company’s stock after buying an additional 4,809 shares during the quarter. VanEck Semiconductor ETF accounts for 0.9% of Apexium Financial LP’s investment portfolio, making the stock its 17th largest position. Apexium Financial LP owned approximately 0.06% of VanEck Semiconductor ETF worth $18,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in VanEck Semiconductor ETF by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after purchasing an additional 1,666 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new position in VanEck Semiconductor ETF in the third quarter valued at approximately $1,934,000. Element Wealth LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $515,000. Farther Finance Advisors LLC raised its holdings in VanEck Semiconductor ETF by 136.2% during the third quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock worth $3,407,000 after purchasing an additional 6,026 shares in the last quarter. Finally, Carter Financial Group INC. purchased a new stake in shares of VanEck Semiconductor ETF during the 2nd quarter worth approximately $1,072,000.

VanEck Semiconductor ETF Trading Up 0.8%

Shares of VanEck Semiconductor ETF stock opened at $396.88 on Wednesday. The company has a fifty day simple moving average of $400.63 and a 200-day simple moving average of $362.37. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $427.94. The stock has a market cap of $43.38 billion, a price-to-earnings 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. Investors of record on Monday, December 22nd were given 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.