Montis Financial LLC Takes $646,000 Position in VanEck Semiconductor ETF $SMH

Montis Financial LLC bought a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,979 shares of the company’s stock, valued at approximately $646,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of VanEck Semiconductor ETF by 93.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after purchasing an additional 703,799 shares during the period. Menora Mivtachim Holdings LTD. boosted its holdings in shares of VanEck Semiconductor ETF by 15.5% in the second quarter. Menora Mivtachim Holdings LTD. now owns 573,500 shares of the company’s stock worth $159,938,000 after buying an additional 77,000 shares during the last quarter. Raymond James Financial Inc. grew its position in VanEck Semiconductor ETF by 8.3% during the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after buying an additional 40,831 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck Semiconductor ETF by 8.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock valued at $135,326,000 after buying an additional 37,955 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in VanEck Semiconductor ETF by 26.0% during the second quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock valued at $132,605,000 after buying an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 2.1%

SMH opened at $396.52 on Friday. The firm’s 50 day simple moving average is $360.10 and its two-hundred day simple moving average is $327.69. The company has a market capitalization of $42.09 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $403.62.

VanEck Semiconductor ETF Dividend Announcement

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

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.