Sims Investment Management LLC Acquires New Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Sims Investment Management LLC bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, Holdings Channel reports. The firm bought 7,623 shares of the company’s stock, valued at approximately $1,846,000. VanEck Semiconductor ETF accounts for about 1.0% of Sims Investment Management LLC’s portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in VanEck Semiconductor ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock valued at $427,901,000 after purchasing an additional 113,705 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in VanEck Semiconductor ETF by 48.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $319,983,000 after purchasing an additional 424,042 shares during the last quarter. Main Management ETF Advisors LLC boosted its holdings in VanEck Semiconductor ETF by 36.7% in the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock valued at $231,415,000 after purchasing an additional 253,300 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in VanEck Semiconductor ETF by 4.1% in the 4th quarter. Meitav Investment House Ltd. now owns 624,975 shares of the company’s stock valued at $151,269,000 after purchasing an additional 24,516 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in VanEck Semiconductor ETF by 144.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock valued at $83,114,000 after purchasing an additional 202,744 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $232.65 on Friday. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The company’s 50-day moving average is $248.99 and its two-hundred day moving average is $246.01. VanEck Semiconductor ETF has a 1-year low of $198.44 and a 1-year high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued a $1.0713 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

VanEck Semiconductor ETF Company 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.