Advance Capital Management Inc. Boosts Stake in VanEck Semiconductor ETF (NASDAQ:SMH)

Advance Capital Management Inc. boosted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,186 shares of the company’s stock after acquiring an additional 285 shares during the period. Advance Capital Management Inc.’s holdings in VanEck Semiconductor ETF were worth $287,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mendota Financial Group LLC purchased a new position in VanEck Semiconductor ETF during the third quarter worth approximately $25,000. Financial Management Professionals Inc. purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth $28,000. Darwin Wealth Management LLC acquired a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at about $29,000. Pathway Financial Advisers LLC grew its holdings in shares of VanEck Semiconductor ETF by 194.2% in the third quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock valued at $38,000 after purchasing an additional 101 shares during the period. Finally, PSI Advisors LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter worth about $39,000.

VanEck Semiconductor ETF Stock Up 3.3 %

NASDAQ:SMH traded up $8.35 on Monday, hitting $260.23. The stock had a trading volume of 10,450,416 shares, compared to its average volume of 6,062,814. The company has a fifty day moving average price of $247.02 and a two-hundred day moving average price of $246.58. VanEck Semiconductor ETF has a 1-year low of $167.28 and a 1-year high of $283.07. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.0713 dividend. The ex-dividend date was Monday, December 23rd.

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.