Patten & Patten Inc. TN Reduces Position in VanEck Semiconductor ETF (NASDAQ:SMH)

Patten & Patten Inc. TN decreased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 2.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,872 shares of the company’s stock after selling 357 shares during the period. Patten & Patten Inc. TN’s holdings in VanEck Semiconductor ETF were worth $4,086,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prime Capital Investment Advisors LLC lifted its position in VanEck Semiconductor ETF by 4.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,011 shares of the company’s stock valued at $248,000 after purchasing an additional 42 shares during the period. Empower Advisory Group LLC raised its stake in VanEck Semiconductor ETF by 6.1% during the 3rd quarter. Empower Advisory Group LLC now owns 849 shares of the company’s stock valued at $208,000 after buying an additional 49 shares during the last quarter. Pinnacle Financial Partners Inc bought a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at $47,000. Huntington National Bank boosted its stake in shares of VanEck Semiconductor ETF by 43.2% in the 3rd quarter. Huntington National Bank now owns 1,597 shares of the company’s stock worth $392,000 after buying an additional 482 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of VanEck Semiconductor ETF by 4.6% in the third quarter. OneDigital Investment Advisors LLC now owns 3,516 shares of the company’s stock worth $863,000 after acquiring an additional 155 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $226.57 on Friday. The stock’s 50-day simple moving average is $243.81 and its two-hundred day simple moving average is $244.40. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 33.13 and a beta of 1.35. VanEck Semiconductor ETF has a 52-week low of $198.44 and a 52-week high of $283.07.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently disclosed 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 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.