Miracle Mile Advisors LLC Takes Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Miracle Mile Advisors LLC purchased a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,053 shares of the company’s stock, valued at approximately $981,000.

Several other institutional investors and hedge funds have also bought and sold shares of SMH. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in VanEck Semiconductor ETF by 46.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after buying an additional 514,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in VanEck Semiconductor ETF by 48.2% in the third quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock worth $319,983,000 after buying an additional 424,042 shares during the period. Main Management ETF Advisors LLC lifted its holdings in VanEck Semiconductor ETF by 36.7% in the third quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after buying an additional 253,300 shares during the period. Meitav Investment House Ltd. lifted its holdings in VanEck Semiconductor ETF by 56.9% in the third quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock worth $147,260,000 after buying an additional 217,702 shares during the period. Finally, Bank of Montreal Can lifted its holdings in VanEck Semiconductor ETF by 69.4% in the third quarter. Bank of Montreal Can now owns 328,820 shares of the company’s stock worth $81,462,000 after buying an additional 134,760 shares during the period.

VanEck Semiconductor ETF Stock Up 0.3 %

Shares of SMH opened at $245.44 on Wednesday. The company has a market capitalization of $23.88 billion, a P/E ratio of 18.82 and a beta of 1.35. The firm has a 50 day moving average of $247.38 and a 200 day moving average of $246.04. VanEck Semiconductor ETF has a twelve month low of $171.49 and a twelve month high of $283.07.

VanEck Semiconductor ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were given a dividend of $1.0713 per share. The ex-dividend date was Monday, December 23rd.

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.