GM Advisory Group LLC Makes New $12.08 Million Investment in VanEck Semiconductor ETF $SMH

GM Advisory Group LLC bought a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,010 shares of the company’s stock, valued at approximately $12,078,000.

Several other hedge funds also recently modified their holdings of the business. Realta Investment Advisors raised its stake in shares of VanEck Semiconductor ETF by 84.4% during the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Sound Income Strategies LLC boosted its stake in VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $31,000 after acquiring an additional 58 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in VanEck Semiconductor ETF during the 3rd quarter worth $31,000. CX Institutional raised its position in shares of VanEck Semiconductor ETF by 288.5% during the 3rd quarter. CX Institutional now owns 101 shares of the company’s stock valued at $33,000 after acquiring an additional 75 shares during the last quarter. Finally, Luminist Capital LLC raised its position in shares of VanEck Semiconductor ETF by 42.1% during the 2nd quarter. Luminist Capital LLC now owns 135 shares of the company’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 0.8%

SMH stock opened at $396.88 on Wednesday. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $427.94. The company has a market cap of $43.38 billion, a P/E ratio of 34.83 and a beta of 1.52. The business’s fifty day moving average is $400.63 and its 200-day moving average is $362.37.

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 paid a $1.1047 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 31.0%.

About VanEck Semiconductor ETF

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.