Cadent Capital Advisors LLC Takes Position in VanEck Semiconductor ETF $SMH

Cadent Capital Advisors LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,230 shares of the company’s stock, valued at approximately $728,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after acquiring an additional 703,799 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in shares of VanEck Semiconductor ETF by 15.5% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 573,500 shares of the company’s stock worth $159,938,000 after purchasing an additional 77,000 shares in the last quarter. Raymond James Financial Inc. grew its position in VanEck Semiconductor ETF by 8.3% in the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after purchasing an additional 40,831 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in VanEck Semiconductor ETF by 8.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock valued at $135,326,000 after purchasing an additional 37,955 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its holdings in VanEck Semiconductor ETF by 26.0% during the second quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after buying an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ SMH opened at $364.12 on Thursday. The stock has a market capitalization of $36.55 billion, a P/E ratio of 34.83 and a beta of 1.52. The company has a 50-day moving average price of $352.58 and a 200-day moving average price of $315.57. VanEck Semiconductor ETF has a 1 year low of $170.11 and a 1 year high of $375.59.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be paid a dividend of $1.1047 per share. The ex-dividend date is Monday, December 22nd. This represents a yield of 31.0%.

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.