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

Truist Financial Corp lessened its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 12.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,625 shares of the company’s stock after selling 5,980 shares during the quarter. Truist Financial Corp’s holdings in VanEck Semiconductor ETF were worth $13,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in VanEck Semiconductor ETF by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after acquiring an additional 1,666 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in VanEck Semiconductor ETF by 13.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,469 shares of the company’s stock valued at $967,000 after purchasing an additional 400 shares during the last quarter. Element Wealth LLC bought a new position in shares of VanEck Semiconductor ETF during the third quarter valued at approximately $515,000. Farther Finance Advisors LLC raised 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 worth $3,407,000 after buying an additional 6,026 shares during the period. Finally, AE Wealth Management LLC raised its stake in shares of VanEck Semiconductor ETF by 168.8% during the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock valued at $13,807,000 after acquiring an additional 31,089 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 3.4%

Shares of SMH stock opened at $403.46 on Friday. The firm has a market cap of $43.53 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The company’s 50 day moving average is $373.54 and its 200 day moving average is $337.23. VanEck Semiconductor ETF has a 52-week low of $170.11 and a 52-week high of $420.60.

VanEck Semiconductor ETF Dividend Announcement

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

About VanEck Semiconductor ETF

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.