Lyell Wealth Management LP Has $25.22 Million Stake in VanEck Semiconductor ETF $SMH

Lyell Wealth Management LP lifted its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,269 shares of the company’s stock after buying an additional 4,523 shares during the quarter. VanEck Semiconductor ETF comprises 1.9% of Lyell Wealth Management LP’s portfolio, making the stock its 10th biggest holding. Lyell Wealth Management LP’s holdings in VanEck Semiconductor ETF were worth $25,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock worth $406,718,000 after purchasing an additional 703,799 shares during the period. CMT Capital Markets Trading GmbH boosted its holdings in VanEck Semiconductor ETF by 102.0% in the 2nd quarter. CMT Capital Markets Trading GmbH now owns 10,437 shares of the company’s stock worth $2,910,000 after buying an additional 531,232 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in VanEck Semiconductor ETF by 3,235,614.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 453,000 shares of the company’s stock worth $126,333,000 after buying an additional 452,986 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $62,748,000. Finally, Allianz SE purchased a new position in shares of VanEck Semiconductor ETF in the second quarter valued at about $55,524,000.

VanEck Semiconductor ETF Stock Up 0.4%

NASDAQ SMH opened at $407.71 on Friday. The business has a 50-day moving average price of $383.16 and a 200-day moving average price of $344.68. The firm has a market cap of $44.56 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a twelve month low of $170.11 and a twelve month high of $420.60.

VanEck Semiconductor ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $1.1047 dividend. 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.