VanEck Semiconductor ETF $SMH Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 55.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,026 shares of the company’s stock after selling 2,567 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Realta Investment Advisors raised its stake in VanEck Semiconductor ETF by 84.4% in the 3rd quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter valued at about $28,000. Sound Income Strategies LLC lifted its stake in shares of VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $31,000 after buying an additional 58 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in VanEck Semiconductor ETF during the third quarter worth about $31,000. Finally, CX Institutional boosted its position in VanEck Semiconductor ETF by 288.5% during the third quarter. CX Institutional now owns 101 shares of the company’s stock worth $33,000 after acquiring an additional 75 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 1.2%

SMH stock opened at $415.03 on Friday. The firm has a 50-day moving average of $387.49 and a two-hundred day moving average of $349.28. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $420.60. The company has a market cap of $45.36 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared 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 dividend 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.