SteelPeak Wealth LLC Decreases Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

SteelPeak Wealth LLC reduced its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,054 shares of the company’s stock after selling 2,533 shares during the quarter. SteelPeak Wealth LLC’s holdings in VanEck Semiconductor ETF were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mendota Financial Group LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter worth about $25,000. Financial Management Professionals Inc. acquired a new position in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF during the third quarter worth approximately $29,000. Pathway Financial Advisers LLC grew its stake in VanEck Semiconductor ETF by 194.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock worth $38,000 after acquiring an additional 101 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of VanEck Semiconductor ETF by 80.2% during the 4th quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock worth $38,000 after purchasing an additional 69 shares during the period.

VanEck Semiconductor ETF Price Performance

SMH opened at $239.53 on Thursday. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The business has a 50-day moving average of $248.43 and a two-hundred day moving average of $244.95. VanEck Semiconductor ETF has a 12 month low of $184.15 and a 12 month high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The business also recently announced 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 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.