Meitav Investment House Ltd. Has $181.27 Million Position in VanEck Semiconductor ETF $SMH

Meitav Investment House Ltd. increased its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 556,289 shares of the company’s stock after buying an additional 80,957 shares during the period. VanEck Semiconductor ETF accounts for approximately 2.5% of Meitav Investment House Ltd.’s holdings, making the stock its 9th biggest holding. Meitav Investment House Ltd. owned about 0.56% of VanEck Semiconductor ETF worth $181,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its position in shares of VanEck Semiconductor ETF by 15.0% during the third quarter. Sequoia Financial Advisors LLC now owns 2,747 shares of the company’s stock worth $897,000 after purchasing an additional 359 shares in the last quarter. Evolution Wealth Advisors LLC increased its holdings in shares of VanEck Semiconductor ETF by 2.0% in the third quarter. Evolution Wealth Advisors LLC now owns 5,190 shares of the company’s stock valued at $1,694,000 after purchasing an additional 104 shares in the last quarter. Pinnacle Financial Partners Inc raised its position in VanEck Semiconductor ETF by 266.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 696 shares of the company’s stock worth $227,000 after purchasing an additional 506 shares during the last quarter. Montis Financial LLC bought a new position in VanEck Semiconductor ETF in the 3rd quarter worth approximately $646,000. Finally, Ritholtz Wealth Management acquired a new position in VanEck Semiconductor ETF during the 3rd quarter worth $1,649,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH opened at $400.39 on Friday. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $405.31. The business’s fifty day moving average price is $361.14 and its two-hundred day moving average price is $328.90.

VanEck Semiconductor ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $1.1047 per share. This represents a yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.