Delta Financial Advisors LLC Makes New $1.81 Million Investment in VanEck Semiconductor ETF $SMH

Delta Financial Advisors LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,543 shares of the company’s stock, valued at approximately $1,809,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of VanEck Semiconductor ETF by 13.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after buying an additional 400 shares during the last quarter. Element Wealth LLC acquired a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $515,000. Farther Finance Advisors LLC lifted its holdings in shares of VanEck Semiconductor ETF by 136.2% in the third quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after purchasing an additional 6,026 shares in the last quarter. AE Wealth Management LLC increased its position in VanEck Semiconductor ETF by 168.8% during the 2nd quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock worth $13,807,000 after purchasing an additional 31,089 shares in the last quarter. Finally, Advyzon Investment Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the second quarter valued at approximately $2,745,000.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $400.09 on Friday. The firm has a market capitalization of $43.43 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The company has a 50 day moving average price of $365.95 and a 200 day moving average price of $332.64. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $408.73.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $1.1047 per share. This represents a dividend 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.