Concurrent Investment Advisors LLC Sells 7,322 Shares of VanEck Semiconductor ETF $SMH

Concurrent Investment Advisors LLC decreased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 14.4% during the third quarter, Holdings Channel reports. The institutional investor owned 43,688 shares of the company’s stock after selling 7,322 shares during the period. Concurrent Investment Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $14,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SMH. Grove Bank & Trust bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $25,000. Trust Co. of Toledo NA OH bought a new position in shares of VanEck Semiconductor ETF in the second quarter worth about $25,000. Realta Investment Advisors grew its position in shares of VanEck Semiconductor ETF by 84.4% during the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. UMB Bank n.a. bought a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at approximately $28,000. Finally, Hilltop National Bank purchased a new position in VanEck Semiconductor ETF in the 2nd quarter worth approximately $28,000.

VanEck Semiconductor ETF Price Performance

SMH stock opened at $390.66 on Tuesday. VanEck Semiconductor ETF has a 1-year low of $170.11 and a 1-year high of $391.98. The business has a 50 day simple moving average of $357.83 and a two-hundred day simple moving average of $325.98. The company has a market capitalization of $41.70 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $1.1047 per share. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 31.0%.

VanEck Semiconductor ETF 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.