PCG Asset Management LLC Takes $586,000 Position in VanEck Semiconductor ETF (NASDAQ:SMH)

PCG Asset Management LLC acquired a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,420 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. boosted its holdings in VanEck Semiconductor ETF by 3.9% in the fourth quarter. Duncker Streett & Co. Inc. now owns 1,081 shares of the company’s stock valued at $262,000 after purchasing an additional 41 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of VanEck Semiconductor ETF by 1.5% during the 4th quarter. Anfield Capital Management LLC now owns 52,734 shares of the company’s stock worth $12,771,000 after buying an additional 763 shares during the last quarter. Maripau Wealth Management LLC acquired a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at $473,000. Sims Investment Management LLC purchased a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at $1,846,000. Finally, Flputnam Investment Management Co. purchased a new position in shares of VanEck Semiconductor ETF in the 4th quarter valued at $422,000.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $232.65 on Friday. VanEck Semiconductor ETF has a 1-year low of $198.44 and a 1-year high of $283.07. The stock has a market cap of $21.49 billion, a PE ratio of 33.13 and a beta of 1.34. The firm has a fifty day moving average price of $248.99 and a 200 day moving average price of $246.08.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders 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.