Phoenix Financial Ltd. Sells 100,097 Shares of VanEck Semiconductor ETF $SMH

Phoenix Financial Ltd. lowered its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 73.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,704 shares of the company’s stock after selling 100,097 shares during the period. Phoenix Financial Ltd.’s holdings in VanEck Semiconductor ETF were worth $11,652,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SMH. Klingman & Associates LLC grew its holdings in VanEck Semiconductor ETF by 2.7% during the third quarter. Klingman & Associates LLC now owns 1,100 shares of the company’s stock valued at $359,000 after purchasing an additional 29 shares during the period. Global Financial Private Client LLC raised its stake in shares of VanEck Semiconductor ETF by 0.8% in the third quarter. Global Financial Private Client LLC now owns 3,947 shares of the company’s stock valued at $1,288,000 after buying an additional 32 shares during the period. Abound Wealth Management lifted its position in shares of VanEck Semiconductor ETF by 4.2% during the 3rd quarter. Abound Wealth Management now owns 848 shares of the company’s stock valued at $277,000 after buying an additional 34 shares during the last quarter. Hartford Financial Management Inc. grew its stake in shares of VanEck Semiconductor ETF by 34.3% during the 3rd quarter. Hartford Financial Management Inc. now owns 137 shares of the company’s stock worth $45,000 after acquiring an additional 35 shares during the period. Finally, Smithfield Trust Co increased its holdings in VanEck Semiconductor ETF by 16.6% in the 2nd quarter. Smithfield Trust Co now owns 253 shares of the company’s stock worth $71,000 after acquiring an additional 36 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 0.3%

NASDAQ SMH opened at $398.82 on Tuesday. The company has a market cap of $42.57 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $408.73. The firm’s 50-day simple moving average is $367.12 and its two-hundred day simple moving average is $334.10.

VanEck Semiconductor ETF Dividend Announcement

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

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.