Sowell Financial Services LLC Has $11.98 Million Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Sowell Financial Services LLC grew its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 26.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,473 shares of the company’s stock after purchasing an additional 10,223 shares during the period. Sowell Financial Services LLC’s holdings in VanEck Semiconductor ETF were worth $11,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its stake in VanEck Semiconductor ETF by 10.6% during the third quarter. QRG Capital Management Inc. now owns 1,378 shares of the company’s stock worth $338,000 after buying an additional 132 shares in the last quarter. Source Financial Advisors LLC bought a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter valued at approximately $244,000. Sequent Asset Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth approximately $253,000. Wealth Quarterback LLC bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter worth approximately $1,555,000. Finally, Lindbrook Capital LLC boosted its stake in VanEck Semiconductor ETF by 41.5% in the 3rd quarter. Lindbrook Capital LLC now owns 5,302 shares of the company’s stock valued at $1,301,000 after buying an additional 1,554 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $225.09 on Friday. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of 33.13 and a beta of 1.35. The business’s fifty day moving average price is $246.42 and its two-hundred day moving average price is $245.34. VanEck Semiconductor ETF has a fifty-two week low of $198.44 and a fifty-two week high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced 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 of this dividend 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.