Grimes & Company Inc. Takes Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Grimes & Company Inc. purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,050 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also modified their holdings of SMH. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in VanEck Semiconductor ETF by 46.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,624,000 shares of the company’s stock worth $423,377,000 after purchasing an additional 514,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of VanEck Semiconductor ETF by 48.2% in 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 in the last quarter. Main Management ETF Advisors LLC raised its stake in VanEck Semiconductor ETF by 36.7% during the 3rd quarter. Main Management ETF Advisors LLC now owns 942,820 shares of the company’s stock worth $231,415,000 after buying an additional 253,300 shares during the period. Meitav Investment House Ltd. lifted its holdings in VanEck Semiconductor ETF by 56.9% during the third quarter. Meitav Investment House Ltd. now owns 600,459 shares of the company’s stock worth $147,260,000 after acquiring an additional 217,702 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in VanEck Semiconductor ETF by 144.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 343,206 shares of the company’s stock worth $83,114,000 after acquiring an additional 202,744 shares in the last quarter.

VanEck Semiconductor ETF Stock Performance

NASDAQ SMH opened at $261.53 on Monday. 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 business has a 50 day simple moving average of $248.62 and a 200 day simple moving average of $245.69. VanEck Semiconductor ETF has a 52-week low of $184.15 and a 52-week high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a $1.0713 dividend. The ex-dividend date 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.