Sowell Financial Services LLC Sells 6,321 Shares of VanEck Semiconductor ETF $SMH

Sowell Financial Services LLC decreased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,640 shares of the company’s stock after selling 6,321 shares during the quarter. Sowell Financial Services LLC’s holdings in VanEck Semiconductor ETF were worth $14,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Abound Wealth Management boosted its stake in VanEck Semiconductor ETF by 4.2% during the third quarter. Abound Wealth Management now owns 848 shares of the company’s stock worth $277,000 after acquiring an additional 34 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of VanEck Semiconductor ETF by 16.6% during the second quarter. Smithfield Trust Co now owns 253 shares of the company’s stock valued at $71,000 after purchasing an additional 36 shares during the period. Hall Capital Management Co. Inc. raised its holdings in shares of VanEck Semiconductor ETF by 0.3% during the second quarter. Hall Capital Management Co. Inc. now owns 12,867 shares of the company’s stock valued at $3,588,000 after purchasing an additional 37 shares during the period. FSA Advisors Inc. boosted its position in shares of VanEck Semiconductor ETF by 3.9% during the 2nd quarter. FSA Advisors Inc. now owns 1,037 shares of the company’s stock worth $289,000 after purchasing an additional 39 shares in the last quarter. Finally, Welch Group LLC grew its stake in shares of VanEck Semiconductor ETF by 1.4% in the 3rd quarter. Welch Group LLC now owns 2,873 shares of the company’s stock valued at $938,000 after buying an additional 39 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of VanEck Semiconductor ETF stock opened at $365.86 on Friday. The business has a 50-day simple moving average of $353.46 and a 200 day simple moving average of $317.05. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $375.59. The firm has a market capitalization of $36.73 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $1.1047 per share. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

VanEck Semiconductor ETF Company 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.