J.Safra Asset Management Corp Raises Stock Position in VanEck Semiconductor ETF (NASDAQ:SMH)

J.Safra Asset Management Corp boosted its holdings in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,444 shares of the company’s stock after purchasing an additional 3,165 shares during the period. VanEck Semiconductor ETF comprises approximately 2.0% of J.Safra Asset Management Corp’s investment portfolio, making the stock its 15th biggest holding. J.Safra Asset Management Corp’s holdings in VanEck Semiconductor ETF were worth $24,085,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of VanEck Semiconductor ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock worth $427,901,000 after purchasing an additional 113,705 shares during the period. JPMorgan Chase & Co. grew its position in VanEck Semiconductor ETF by 48.2% during the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after buying an additional 424,042 shares during the period. Main Management ETF Advisors LLC grew its position in VanEck Semiconductor ETF by 36.7% during the third quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after buying an additional 253,300 shares during the period. Meitav Investment House Ltd. increased its holdings in VanEck Semiconductor ETF by 4.1% in the fourth quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after buying an additional 24,516 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of VanEck Semiconductor ETF by 144.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after acquiring an additional 202,744 shares during the period.

VanEck Semiconductor ETF Stock Up 1.0 %

SMH stock opened at $225.23 on Wednesday. VanEck Semiconductor ETF has a 52-week low of $198.44 and a 52-week high of $283.07. The firm has a market cap of $20.81 billion, a P/E ratio of 33.13 and a beta of 1.34. The company’s 50-day simple moving average is $247.94 and its 200-day simple moving average is $245.83.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were given a dividend of $1.0713 per share. 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.