J.W. Cole Advisors Inc. Lowers Stock Holdings in VanEck Semiconductor ETF $SMH

J.W. Cole Advisors Inc. lowered its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.3% during the 3rd quarter, Holdings Channel reports. The firm owned 31,836 shares of the company’s stock after selling 2,865 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $10,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SMH. Wealth Enhancement Advisory Services LLC boosted its position in shares of VanEck Semiconductor ETF by 5.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock worth $10,921,000 after purchasing an additional 1,666 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of VanEck Semiconductor ETF by 13.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock worth $967,000 after acquiring an additional 400 shares during the last quarter. Element Wealth LLC acquired a new position in shares of VanEck Semiconductor ETF during the third quarter valued at about $515,000. Farther Finance Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF by 136.2% during the third quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after acquiring an additional 6,026 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in shares of VanEck Semiconductor ETF by 168.8% in the 2nd quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock valued at $13,807,000 after purchasing an additional 31,089 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 2.5%

SMH stock opened at $397.68 on Wednesday. The stock has a market capitalization of $43.24 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 $420.60. The firm has a 50 day moving average of $376.07 and a 200 day moving average of $339.14.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $1.1047 per share. The ex-dividend date of this dividend 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.