Raymond James Financial Inc. Makes New $144.39 Million Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Raymond James Financial Inc. purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 596,212 shares of the company’s stock, valued at approximately $144,385,000. Raymond James Financial Inc. owned approximately 0.63% of VanEck Semiconductor ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SMH. QRG Capital Management Inc. boosted its stake in VanEck Semiconductor ETF by 10.6% during the third quarter. QRG Capital Management Inc. now owns 1,378 shares of the company’s stock worth $338,000 after buying an additional 132 shares in the last quarter. Montecito Bank & Trust boosted its stake in shares of VanEck Semiconductor ETF by 6.6% in the 3rd quarter. Montecito Bank & Trust now owns 1,935 shares of the company’s stock valued at $475,000 after purchasing an additional 120 shares in the last quarter. JB Capital LLC boosted its stake in shares of VanEck Semiconductor ETF by 6.5% in the 3rd quarter. JB Capital LLC now owns 1,197 shares of the company’s stock valued at $294,000 after purchasing an additional 73 shares in the last quarter. Source Financial Advisors LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $244,000. Finally, Sequent Asset Management LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at $253,000.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $225.09 on Friday. VanEck Semiconductor ETF has a 52 week low of $198.44 and a 52 week high of $283.07. The company’s fifty day moving average is $246.42 and its 200-day moving average is $245.36. The company has a market capitalization of $21.31 billion, a PE ratio of 33.13 and a beta of 1.35.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were paid a $1.0713 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.