Silverlake Wealth Management LLC Raises Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Silverlake Wealth Management LLC grew its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,308 shares of the company’s stock after purchasing an additional 176 shares during the period. Silverlake Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mendota Financial Group LLC purchased a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at $25,000. Hartford Financial Management Inc. raised its stake in VanEck Semiconductor ETF by 61.9% in the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 39 shares during the last quarter. Mather Group LLC. raised its stake in VanEck Semiconductor ETF by 320.0% in the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in VanEck Semiconductor ETF in the 3rd quarter worth $28,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck Semiconductor ETF in the 3rd quarter worth $29,000.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $241.47 on Wednesday. The stock has a 50-day simple moving average of $248.23 and a two-hundred day simple moving average of $244.31. The firm has a market capitalization of $22.86 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a fifty-two week low of $190.12 and a fifty-two week high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a dividend of $1.0713 per share. The ex-dividend date of this dividend 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.