IMG Wealth Management Inc. Invests $298,000 in VanEck Semiconductor ETF (NASDAQ:SMH)

IMG Wealth Management Inc. purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,230 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hartford Financial Management Inc. increased its holdings in VanEck Semiconductor ETF by 61.9% in the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. increased its holdings in VanEck Semiconductor ETF by 320.0% in the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in VanEck Semiconductor ETF in the 4th quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF in the 3rd quarter valued at approximately $29,000. Finally, Hemington Wealth Management increased its holdings in VanEck Semiconductor ETF by 50.6% in the 4th quarter. Hemington Wealth Management now owns 131 shares of the company’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

VanEck Semiconductor ETF stock opened at $226.57 on Monday. VanEck Semiconductor ETF has a fifty-two week low of $198.44 and a fifty-two week high of $283.07. The firm has a 50 day moving average price of $243.81 and a 200 day moving average price of $244.43. The company has a market capitalization of $21.45 billion, a PE ratio of 33.13 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.0713 dividend. 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.