Fortis Group Advisors LLC Buys New Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Fortis Group Advisors LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,132 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its holdings in VanEck Semiconductor ETF by 61.9% in the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares during the last quarter. Mather Group LLC. lifted its stake in VanEck Semiconductor ETF by 320.0% in the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after buying an additional 80 shares during the period. Financial Management Professionals Inc. acquired a new position in VanEck Semiconductor ETF in the third quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in VanEck Semiconductor ETF in the third quarter valued at approximately $29,000. Finally, Hemington Wealth Management lifted its stake in VanEck Semiconductor ETF by 50.6% in the fourth quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after buying an additional 44 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of SMH opened at $256.22 on Wednesday. VanEck Semiconductor ETF has a 52-week low of $193.72 and a 52-week high of $283.07. The business’s 50 day moving average price is $248.93 and its two-hundred day moving average price is $244.75. The firm has a market cap of $24.26 billion, a PE ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid 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.