Kovack Advisors Inc. Decreases Stock Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Kovack Advisors Inc. lowered its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,521 shares of the company’s stock after selling 230 shares during the period. Kovack Advisors Inc.’s holdings in VanEck Semiconductor ETF were worth $610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in VanEck Semiconductor ETF in the 3rd quarter worth about $418,000. Strategic Blueprint LLC boosted its position in VanEck Semiconductor ETF by 19.1% during the third quarter. Strategic Blueprint LLC now owns 2,418 shares of the company’s stock worth $593,000 after purchasing an additional 387 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of VanEck Semiconductor ETF by 213.3% in the third quarter. JFS Wealth Advisors LLC now owns 376 shares of the company’s stock worth $92,000 after purchasing an additional 256 shares in the last quarter. Fairfield Financial Advisors LTD raised its position in shares of VanEck Semiconductor ETF by 286.7% in the third quarter. Fairfield Financial Advisors LTD now owns 232 shares of the company’s stock valued at $57,000 after purchasing an additional 172 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in shares of VanEck Semiconductor ETF by 27.2% during the 3rd quarter. Focus Financial Network Inc. now owns 2,392 shares of the company’s stock valued at $587,000 after buying an additional 511 shares in the last quarter.

VanEck Semiconductor ETF Trading Up 1.7 %

SMH opened at $232.65 on Friday. VanEck Semiconductor ETF has a 12 month low of $198.44 and a 12 month high of $283.07. The company has a market cap of $22.03 billion, a PE ratio of 18.82 and a beta of 1.35. The company has a 50 day moving average of $248.99 and a 200 day moving average of $246.01.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were given a $1.0713 dividend. The ex-dividend date was Monday, December 23rd.

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.