Truist Financial Corp Sells 5,980 Shares of VanEck Semiconductor ETF $SMH

Truist Financial Corp lessened its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,625 shares of the company’s stock after selling 5,980 shares during the period. Truist Financial Corp’s holdings in VanEck Semiconductor ETF were worth $13,258,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SMH. AQR Capital Management LLC raised its holdings in shares of VanEck Semiconductor ETF by 4.8% in the 1st quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after buying an additional 109 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of VanEck Semiconductor ETF by 32.5% in the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after purchasing an additional 2,890 shares during the last quarter. Pure Financial Advisors LLC acquired a new stake in shares of VanEck Semiconductor ETF during the second quarter worth approximately $208,000. Hilltop National Bank acquired a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at $28,000. Finally, Clarity Capital Partners LLC boosted its stake in VanEck Semiconductor ETF by 6.5% in the second quarter. Clarity Capital Partners LLC now owns 1,806 shares of the company’s stock worth $504,000 after purchasing an additional 111 shares in the last quarter.

VanEck Semiconductor ETF Trading Down 3.4%

Shares of SMH stock opened at $403.46 on Friday. The firm has a market capitalization of $43.53 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The firm’s 50 day moving average is $373.54 and its 200-day moving average is $337.23. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $420.60.

VanEck Semiconductor ETF Announces Dividend

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