Cornerstone Wealth Management LLC Grows Position in VanEck Semiconductor ETF $SMH

Cornerstone Wealth Management LLC lifted its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,689 shares of the company’s stock after acquiring an additional 1,917 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,405,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in VanEck Semiconductor ETF during the second quarter valued at about $25,000. Realta Investment Advisors boosted its stake in shares of VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock worth $27,000 after acquiring an additional 38 shares during the period. Hilltop National Bank purchased a new stake in shares of VanEck Semiconductor ETF during the second quarter worth about $28,000. Fourth Dimension Wealth LLC bought a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at approximately $28,000. Finally, Hazlett Burt & Watson Inc. raised its stake in VanEck Semiconductor ETF by 61.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares during the period.

VanEck Semiconductor ETF Trading Down 3.4%

NASDAQ SMH opened at $403.46 on Friday. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $420.60. The stock has a market cap of $43.53 billion, a PE ratio of 34.83 and a beta of 1.52. The stock’s 50 day moving average is $373.54 and its 200 day moving average is $336.91.

VanEck Semiconductor ETF Announces Dividend

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

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.