Kingswood Wealth Advisors LLC Purchases 2,244 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Kingswood Wealth Advisors LLC lifted its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,880 shares of the company’s stock after buying an additional 2,244 shares during the period. Kingswood Wealth Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $3,361,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mendota Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF during the third quarter worth $25,000. Financial Management Professionals Inc. acquired a new position in VanEck Semiconductor ETF during the third quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in VanEck Semiconductor ETF during the third quarter worth $29,000. Pathway Financial Advisers LLC lifted its stake in VanEck Semiconductor ETF by 194.2% in the third quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock valued at $38,000 after acquiring an additional 101 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of VanEck Semiconductor ETF by 80.2% in the 4th quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $261.53 on Monday. VanEck Semiconductor ETF has a 52-week low of $184.15 and a 52-week high of $283.07. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm’s 50-day moving average is $248.62 and its 200-day moving average is $245.69.

VanEck Semiconductor ETF Dividend Announcement

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

About VanEck Semiconductor ETF

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.