VanEck Semiconductor ETF (NASDAQ:SMH) Shares Sold by Horizon Wealth Management LLC

Horizon Wealth Management LLC reduced its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,155 shares of the company’s stock after selling 8,969 shares during the period. VanEck Semiconductor ETF makes up 2.7% of Horizon Wealth Management LLC’s holdings, making the stock its 11th biggest position. Horizon Wealth Management LLC owned 0.07% of VanEck Semiconductor ETF worth $15,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its stake in VanEck Semiconductor ETF by 7.0% during the third quarter. LPL Financial LLC now owns 1,743,333 shares of the company’s stock worth $427,901,000 after purchasing an additional 113,705 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of VanEck Semiconductor ETF by 46.3% during the 2nd 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 last quarter. JPMorgan Chase & Co. raised its position in shares of VanEck Semiconductor ETF by 48.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,303,657 shares of the company’s stock valued at $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 valued at $231,415,000 after acquiring an additional 253,300 shares during the last quarter. Finally, 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 valued at $147,260,000 after acquiring an additional 217,702 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH traded down $2.54 during mid-day trading on Monday, reaching $244.64. 5,989,305 shares of the company’s stock were exchanged, compared to its average volume of 6,533,354. The company’s 50-day moving average is $247.43 and its 200-day moving average is $246.25. The firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 52-week low of $171.49 and a 52-week high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders 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 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.