MGB Wealth Management LLC Purchases 988 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

MGB Wealth Management LLC lifted its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,379 shares of the company’s stock after acquiring an additional 988 shares during the period. MGB Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in VanEck Semiconductor ETF by 48.2% in the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after purchasing an additional 424,042 shares during the period. Main Management ETF Advisors LLC boosted its position in shares of VanEck Semiconductor ETF by 36.7% during the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after purchasing an additional 253,300 shares in the last quarter. Meitav Investment House Ltd. grew its stake in shares of VanEck Semiconductor ETF by 56.9% in the 3rd quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock valued at $147,260,000 after buying an additional 217,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in VanEck Semiconductor ETF by 144.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock valued at $83,114,000 after buying an additional 202,744 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in VanEck Semiconductor ETF by 69.4% during the 3rd quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock worth $81,462,000 after buying an additional 134,760 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $248.51 on Thursday. VanEck Semiconductor ETF has a 52-week low of $193.72 and a 52-week high of $283.07. The business’s 50 day simple moving average is $248.73 and its two-hundred day simple moving average is $244.33. The firm has a market cap of $23.53 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.0713 dividend. The ex-dividend date of this dividend 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.